Glossary of Credit Card Terms

(1) | 1 (1) | 3 (1) | 5 (1) | A (42) | B (28) | C (92) | D (44) | E (19) | F (33) | G (7) | H (3) | I (14) | J (7) | K (3) | L (10) | M (27) | N (12) | O (10) | P (43) | Q (2) | R (34) | S (43) | T (26) | U (9) | V (10) | W (2) | X (1) | Y (1) | Z (7)
Jamming Jamming is a type of fraud where fake credit repair firms send large volume of dispute letters to credit bureaus, asking them to remove valid information from a clients credit record. This creates a...
Jitter Jitter is an ATM card drive technology developed to stop fraud by altering the magnetic stripe details picked up by card thief by using an irregular card pull-in motion, such as stop-start or...
Joint account A joint account is a bank account evenly shared by two or more individuals. All parties share the joined rights and liabilities and are considered as co-owners of the account. This means that if...
Joint and several liability Under "joint and several liability," the creditor can request the whole amount to be paid by any of the responsible parties on a joint account, rather than collecting an equal piece from every party...
Joint credit Joint credit is a situation in which two or more individuals share credit. It can be used by couples when they need a big loan, like for a house or one of them has bad credit. It combines both people...
Judgment A judgment is court decision, it happens in a dispute over a debt, as a result of a lawsuit. If you lose a dispute filed by a creditor, lender, debt collector or other plaintiff, a judgment is made...
Judgment proof If a debtor owns an asset which can’t be collected by a court judgment he is considered as judgment proof. It happens that in bankruptcy cases the consumer has no assets to be collected and the...