Making Sense of Credit Card Terms

What that confusing jargon means.

James Baigrie

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Balance Transfer: Moving a debt from one credit card to another, sometimes by using a check issued by a lending institution.

Credit History: A record of how you have repaid past credit obligations.

Credit Report: An accounting of your credit standing, including your credit history and public records.

Credit Score: A numerical evaluation of your credit worthiness, based on your past performance (amount of debt, length of credit history, new credit applied for, payment history, etc.). Used by lending institutions.

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