Glossary of Credit Card Terms

Below is a list of credit card and credit industry terms which can assist with reading credit card statements as well as the fine print on credit related documents.

Qualifying Ratio
A qualifying ratio is a ratio that compares an individuals monthly obligations (other debts such as student loans, car payments etc) to the individuals monthly gross income. Depending on the particular lender, the ratio that is considered acceptable varies depending on the particular company.
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