- APR: The Annual Percentage Rate. All the costs, interest and annual fees are included in this.
- Secured loans: Loans that are backed up by collateral are secured loans.
- Unsecured loans:
Loans that are not backed up by any collateral are unsecured loans.
- Debt consolidation loans: A loan option through which you can combine two or more loans into one.
- Credit score: A numeric score used to judge the credit worthiness of a person. It is based on credit limits, balances and other personal information assigned by credit bureaus and other credit reporting agencies.
- Default: Late payment or non-payment of loan installments. It may also happen when one fails to meet the terms and conditions of a loan.
- CCJ: County Court Judgments. It is a judgment by county court demanding the payment of a sum of money from one party to another.
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