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Credit card - A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that the credit card issuer lends the consumer money rather than having the money removed from an account.
Fair and Accurate Credit Transactions Act - Under the Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA), (Public Law 108-159) which was passed by Congress on December 4, of 2003, consumers can request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies (Equifax, Experian and TransUnion). Several websites provides consumers with the secure means to do so.
Credit card debt - Credit card debt is an example of unsecured consumer debt. It results when a customer of a credit card company does not pay the company for the money he or she has spent.
Fair Credit Reporting Act - The Fair Credit Reporting Act (FCRA) is an American federal law (codified at et seq.) that regulates the collection, dissemination, and use of consumer credit information.
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