Credit rating check
Real Estate dictionary
Untitled Document
Search :      

Art dictionary
Financial dictionary
Hollywood dictionary
Insurance dictionary
Literature dictionary
Medical Glossary
Real Estate dictionary
Tourism dictionary

 
  Credit rating check



Credit rating check

   Carried out by all mortgage lenders to check an applicant’s credit history. The check covers credit card repayments, outstanding debts, arrears, County Court Judgements and more.

RELATED TERMS
--------------------------------------

Mortgage
A legal document pledging property as security for the payment of a loan.

Credit
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.

Arrears
Payment made after it is due is in arrears. Interest is said to be paid in arrears since it is paid to the date of payment rather than in advance.

County
A division within a state, usually encompassing one or more cities or towns.



SIMILAR TERMS
--------------------------------------

Credit
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.

Credit averse
When a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse.

Credit bureau
A company that collects and sells information about how people handle credit. It issues credit reports that list how individuals manage their debts and make payments, how much untapped credit they have available and whether they have applied for any loans.

Credit bureau score
A number representing the possibility a borrower may default; it is based upon credit history and is used to determine ability to qualify for a mortgage loan.

Credit card discounts
Visa, Mastercard, etc., have a fee they charge for handling and billing. This fee can run from 1 to 3% and is a direct expense to the operation of the motel.

Credit enhancement
The credit support needed in addition to the mortgage collateral to achieve a desired credit rating on mortgage-backed securities.

Credit history
A record of an individual's repayment of debt.

Credit life insurance
A type of life insurance that helps repay the loan if the consumer becomes disabled.

Credit loan
A mortgage issued upon the financial strength of a borrower, without regard for collateral.

Credit rating
The Dun and Bradstreet credit rating system; rating the financial strength of commercial and industrial companies.

Credit report
A record that lists all past and present debts and the timeliness of their repayment; it documents an individual's credit history.

Credit reporting agency
A company that collects and sells information about how people handle credit. It issues credit reports that list how individuals manage their debts and make payments, how much untapped credit they have available and whether they have applied for any loans.

Credit repository
An organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.

Credit score
A potential borrower's composite of available credit, outstanding credit and payment history.

Credit scoring system
A numerical system designed to measure the likelihood that a borrower will repay a debt created by assigning scores to various characteristics connected to creditworthiness.

Credit unions
Credit unions are cooperative organizations whose members place money in savings accounts. In the past, credit unions made only short-term consumer and home improvement loans.

Creditor
The person to whom a debtor owes a debt or obligation; a lender.

Creditor meeting
("341 meeting") The meeting that takes place three to six weeks after the bankruptcy petition is filed, at which time the debtor may be questioned by the court-appointed trustee and the debtors'' creditors about the information provided by the debtor on the bankruptcy petition.



PREVIOUS AND NEXT TERMS
--------------------------------------

Credit enhancement
The credit support needed in addition to the mortgage collateral to achieve a desired credit rating on mortgage-backed securities.

Credit history
A record of an individual's repayment of debt.

Credit life insurance
A type of life insurance that helps repay the loan if the consumer becomes disabled.

Credit loan
A mortgage issued upon the financial strength of a borrower, without regard for collateral.

Credit rating
The Dun and Bradstreet credit rating system; rating the financial strength of commercial and industrial companies.

Credit rating check

Credit report
A record that lists all past and present debts and the timeliness of their repayment; it documents an individual's credit history.

Credit reporting agency
A company that collects and sells information about how people handle credit. It issues credit reports that list how individuals manage their debts and make payments, how much untapped credit they have available and whether they have applied for any loans.

Credit repository
An organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.

Credit score
A potential borrower's composite of available credit, outstanding credit and payment history.

Credit scoring system
A numerical system designed to measure the likelihood that a borrower will repay a debt created by assigning scores to various characteristics connected to creditworthiness.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

   creditratingcheck / redit rating check / cedit rating check / crdit rating check / creit rating check / credt rating check / credi rating check / creditrating check / credit ating check / credit rting check / credit raing check / credit ratng check / credit ratig check / credit ratin check / credit ratingcheck / credit rating heck / credit rating ceck / credit rating chck / credit rating chek / credit rating chec / ccredit rating check / crredit rating check / creedit rating check / creddit rating check / crediit rating check / creditt rating check / credit rating check / credit rrating check / credit raating check / credit ratting check / credit ratiing check / credit ratinng check / credit ratingg check / credit rating check / credit rating ccheck / credit rating chheck / credit rating cheeck / credit rating checck / credit rating checkk / xredit rating check / sredit rating check / dredit rating check / fredit rating check / vredit rating check / redit rating check / c4edit rating check / c5edit rating check / ctedit rating check / cgedit rating check / cfedit rating check / cdedit rating check / ceedit rating check / c3edit rating check / cr3dit rating check / cr4dit rating check / crrdit rating check / crfdit rating check / crddit rating check / crsdit rating check / crwdit rating check / creeit rating check / crerit rating check / crefit rating check / crevit rating check / crecit rating check / crexit rating check / cresit rating check / crewit rating check / credt rating check / credi5 rating check / credi6 rating check / crediy rating check / credih rating check / credig rating check / credif rating check / credir rating check / credi4 rating check / credit 4ating check / credit 5ating check / credit tating check / credit gating check / credit fating check / credit dating check / credit eating check / credit 3ating check / credit rqting check / credit rwting check / credit rsting check / credit rxting check / credit rzting check / credit ra5ing check / credit ra6ing check / credit raying check / credit rahing check / credit raging check / credit rafing check / credit raring check / credit ra4ing check / credit ratng check / credit ratibg check / credit ratihg check / credit ratijg check / credit ratimg check / credit rati g check / credit ratint check / credit rating xheck / credit rating sheck / credit rating dheck / credit rating fheck / credit rating vheck / credit rating heck / credit rating cyeck / credit rating cueck / credit rating cjeck / credit rating cneck / credit rating cbeck / credit rating cgeck / credit rating cteck / credit rating ch3ck / credit rating ch4ck / credit rating chrck / credit rating chfck / credit rating chdck / credit rating chsck / credit rating chwck / credit rating chexk / credit rating chesk / credit rating chedk / credit rating chefk / credit rating chevk / credit rating che k / credit rating chec /