[roxette]

Hi,

I have enlisted all the major terminologies related to debt under alphabet F below -

Finance Charge: This is calculated on the total amount of dollars which the credit is equivalent to.

Fair Debt Collection Practices Act (fdcpa): This act ensures that the creditors maintain a set of guidelines during debt collection. This law is basically implemented to maintain peace and justice during debt collection and mostly to protect the debtor's from the harassing behavior of the creditors.

Fair, Isaac and Co: The Company who is the inventor of the credit-scoring software.

Fee Simple: A fee without limitation to any class of heirs; they can sell it or give it away. The total or absolute ownership of real property.

FICO: Also known as the Fair, Isaac score, FICO is the most popular and well-known credit-scoring process used by the creditors. Your FICO can range from 200 to 900. Any FICO score above 720 can be termed as a good one and any score below 550 needs major attention. According to this system, the more your FICO score raises the better your prospects are to get approved for a loan.

Fixed Rate: A constant interest rate that remains unchanged during the term of loan.

Fixed-Rate Loans: Fixed-rate loans have interest rates that do not change over the life of the loan. As a result, monthly payments for principal and interest are also fixed for the life of the loan. Fixed-rate loans typically have 15-year or 30-year terms. With a fixed-rate loan, you will have predictable monthly mortgage payments for as long as you have the loan.

Float: The time interval between the deposit of a check in a bank and its payment.

Fees: A fixed charge for a privilege or for professional services. It includes various different expenses from set up to annual charges.

Financial future: This term has a vast significance in your life. Your financial future is highly dependent on how you handle your financial transactions today. A healthy amount of savings will make your future secured financially. You might have to follow a strict budget and plan your purchases very carefully today but that will build you a strong financial future ahead.

Fixed APR: An annual percentage rate that does not change over a given period of time. Some APRs are variable, which means that they change or fluctuate.

Flexible payments: This means that you have the convenience of making variable payments to a company every month according to your convenience. You do not have to abide by a strict payment amount but can be flexible based on your financial strength that month.

Regards
Roxette