Here is a list of debt and money related terms that you might come across while researching.
Annual Fee - A yearly fee charged by the credit card companies.
APR - Annual percentage rate.
Balance Transfer - Moving a credit card debt from one card to another.
Bankruptcy - A legal process in which a debtor asks the court for a chance to start over.
Billing Cycle - The time between billings.
Billing Statement - A statement showing the purchases, payments and any other relevant information fir a given time period.
Charge Off - A debt that a creditor deems noncollectable.
Credit Bureau - An agency that collects credit information on everyone.
Credit Inquiry - This is when a company requests a copy of a users credit reports.
Credit Limit - A maximum amount of credit or funds available to a debtor.
Credit Report - A credit history report that is monitored by the credit bureaus.
Credit Score - A mathematical summary of your credit report.