Examlex
Everything you think you know about your traits and abilities resides in the
Open-End Credit Plan
A revolving line of credit that allows a borrower to make purchases or obtain loans up to a certain limit and repay part or all of the balance over time, with interest charges on the unpaid balance.
Credit Card Issuer
The financial institution or entity that provides a credit card to consumers, extending credit for purchases and cash advances.
FCRA
Stands for the Fair Credit Reporting Act, a federal law designed to ensure the accuracy, fairness, and privacy of information in consumer credit bureau files.
Criminal Penalties
Sanctions or punishments imposed by a court upon individuals or entities found guilty of committing a crime.
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