Regulation Z is a federal rule that requires lenders to provide clear, detailed information about credit...
Redlining is a historic practice where lenders denied or limited loans to neighborhoods based on racial...
Simple interest is a basic method of calculating interest on a principal amount over time, commonly used...
A floating interest rate fluctuates over time and influences your loan payments. Learning how it works...
A teaser rate is a temporary, low interest rate offered at the beginning of a loan or credit card term...
An Adverse Action Notice is a formal letter you receive when a lender or employer takes a negative action...
Compensating factors are positive financial elements lenders consider to balance out weaknesses in your...
The default rate is a key financial metric representing the percentage of borrowers who fail to meet...
Loan origination is the essential first step in securing a loan, covering everything from your initial...
Arrears refer to overdue payments on loans, bills, or financial obligations that can lead to penalties...