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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Fair Credit Reporting Act (FCRA) - an American federal law regulating the collection, dissemination, and use of consumer credit information.
  • Simple interest - interest that accrues linearly, growing by a certain fraction of the principal over equally-spaced time periods for the life of the loan.
  • Credit history - same as credit report.
  • Service station (U.K.) - a much larger facility than a U.S. service station, usually attached to motorways or major trunk routes, which provide food outlets, large parking areas, and shops.
  • Credit card - a plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card.

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