Account Review Inquiry
: This credit check documents each time your active creditor reviews your credit profile.
: Interest payments can be spread over the life of the loan based on the average loan balance during each installment billing period.
Annual Percentage Rate
: The APR allows loans to be compared in equal terms. Even short-term loans of less than one year are measured in terms of interest costs over a standard one year term.
Automated Clearing House
(ACH): These networks facilitate electronic transactions between banks.
Average Daily Balance
: Interest is charged based on average balances using a specific calculation.