A loan that is used to secure financing for the purchase of a house.

A loan agreement in which the interest rate, payments, and length of the loan can change over time.

Debt that is used to finance a student's education costs.

The process of sending money electronically rather than using paper checks.

The amount of time you have before a credit card company starts charging interest on your new purchases.

A large payment that is much higher than the other regular payments and that must be paid at a set time, such as 5 years after the loan is made.

Repaying a debt by making regular payments of principal and interest over a set period of time.

A type of lender that makes loans for the purchase of consumer goods, such as cars or household appliances.

A person who agrees to pay a loan if the borrower fails to pay.

Expenses a borrower must pay to get a loan, such as recording fees.

Payments that are made by transferring money electronically from a checking account to another account (such as a creditor's) every billing period.

A personal check for which payment is guaranteed by the bank on which it is drawn.

A type of debt in which you borrow money for a period of time with an agreed-upon interest rate and repayment plan.

A type of prepaid check that directs payment of a sum of cash to the payee.

A service that allows you to make payments and manage your bank account using the bank's web site.

Loans that are based on personal creditworthiness (that have no collateral).

A fee charged for repaying a loan before the agreed-upon date.

A loan for which property has been pledged as collateral.