Delinquent Mortgage

A mortgage becomes delinquent when the borrower doesn’t make the required payments. If the borrower continues to fall behind, the lender may foreclose on the

Debt-to-Income Ratio

Debt-to-income ratio refers to how much of a borrower’s monthly income is eaten up by debt. Creditors, especially mortgage lenders, want to know what’s left

Debt-to-Equity Ratio

The debt-to-equity ratio is the relationship between a company’s total debt and its total equity. The debt-to-equity ratio is a key measure for investors looking

Debt-to-Available-Credit Ratio

Debt-to-available-credit, also called your credit utilization ratio, refers to how much of your available credit you’re using. The more you’re using and the less you

Credit Scoring System

Lenders use a credit scoring system, or a numerical system, to measure how likely it is that a borrower will make payments on the money

Credit Score

A credit score is a number that represents a person’s creditworthiness. Credit scores are based on a variety of personal financial data. Higher credit scores

Credit Rating

A credit rating is a measurement of a person or business entity’s ability to repay a financial obligation based on income and past repayment histories.

Credit Line

A credit line is a flexible loan option offered by financial institutions to individuals and corporate entities. A credit line always has a credit limit,

Credit Insurance

Credit insurance is an insurance policy that pays off an outstanding debt in the event of the policy holder’s death, disability, or termination of employment.

Credit History

A credit history is the record of how a person has managed his or her credit in the past, including total debt load, number of

Homeowner Education