Credit rating bureau – A corporation that works to compile the credit rating histories of could well be borrowers and also delivers these reviews to lenders. These stories are employed by lenders for creating selections. Experian, TransUnion and Equifax are the most important credit reporting companies in the united states.
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Interest charge – A fee that a lender will cost borrowers so that you can borrow money from them. It's expressed in percentage % per annum.
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