A borrower may be required to purchase insurance to cover a loan in the event the borrower defaults, such as if the borrower dies or becomes disabled prior to payment of the loan. Federal and state consumer protection laws require disclosure of such terms as this included cost changes the nature and cost of the loan for the borrower. … [Read more...]

A rating assigned by credit reporting bureaus based upon a creditor's history that reflects how likely they are to make timely loan payments. A risk assessment rating. … [Read more...]

In French law. A claim; a debt; also belief, credit, faith. … [Read more...]

This is a report of person's credit history as complied by one or all of the three major credit bureau. Credit reports will generally state what credit cards a person has, property owned, what is outstanding on what cards and to what lenders, whether payments have been made on time, current and prior addresses, employment records and any prior lawsuits. Credit reports will … [Read more...]

One who trusts or gives credit; a creditor. Britt. cc. 28, 78. … [Read more...]