Moneyville

Capacity
Lenders will look at your earning power to determine if you can afford to repay the loan. They will want to know your salary and occupation and how reliable your income is.

Capital
1. Wealth or property that can be used to produce more wealth
2. A sum of money that is used to start a business.

Cash Advance
A credit card can be used to withdraw cash. However, cash advances usually have additional fees and a higher interest rate then standard charges.

Character
Lenders will evaluate your personal character to determine if you will repay the loan. They will look at your credit history to find out if you pay your bills on time, if you have ever filed for bankruptcy and make a judgment about your attitude toward paying back your loans.

Collateral
Lenders will ask what other assets you own that could be used to secure the loan. This means that if you do not pay the loan, the lender could seize your property to recover what they had loaned to you.

Conditions
Lenders will consider the security of the general economy and the security of your job before deciding to give you a loan.

Credit card
A plastic card, issued by a bank or a finance company, which guarantees that payment for goods or services will be made to the seller by the card issuer. The cardholder then makes payment to the card issuer at a later time.

Credit history
Credit bureaus collect information about consumers including how they have managed and used credit in the past. This information is made available, for a price, to businesses and organizations who have a legitimate reason to know about your history of using credit. Employers and lenders would request a copy of your credit report. This is a detailed document describing your credit history.

Credit Limit
A credit limit is the maximum amount of money you can charge on a credit card. If the limit is exceeded, the issuer of the credit card can choose either to deny its use for the exceeding purchase, or charge a fine later.

Credit report
A credit report is a history of all of your past financial activities involving credit compiled by a credit bureau. Different types of information stays on your report for different lengths of time. An inquiry for your report is listed on the report itself for two years, while declaring bankruptcy can be listed for ten.

Interest
A charge for borrowed money or a rate of return on money saved or invested.