Judgment – This can be a court docket buy and that is produced by the courtroom and which can be linked to a lawsuit. It really decides who wins the case.
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Repossess – The voluntary or pressured surrender of items in the situation of a customer’s failure to pay for back again a loan.
ACH – This means automated clearing property, which is principally a technique used to transfer funds to and from financial institution accounts.
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FDIC or Federal Deposit Insurance policies Corporation – Generally a federal agency which insures a consumer’s deposit of their discounts and for the loan of approximately $100,000 For each and every account. These deposits will incorporate cost savings and checking accounts and likewise deposit certificates.
Credit card – This is a card issued via the financial institution in an effort to make payments for purchases. The exceptional balance is subject to curiosity.
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