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Category Archives: Glossary

DTI – Debt To Income Ratio Acronym Description

Thursday, December 15, 2011

DTI is consumer lending acronym that stands for, Debt To Income Ratio – used by banks and lenders as another benchmark for deciding on whether an applicant will qualify for a loan or not. If the applicant’s debt to income ratio is too high, then the lender will decline the applicant. DTI is based Read more on this loan…

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FP100 – Loan Product Acronym Description

Thursday, December 15, 2011

FP100 is the acronym we use for the term, Fee Per $100, or Fee Per One Hundred Dollars – which is small consumer lending product term that describes the fees a high-interest personal loan provider charges their customers. For example, a payday loan provider, or signature loan lender will usually charge Read more on this loan…

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USL – Loan Product Acronym Description

Thursday, December 15, 2011

The acronym USL stands for our financial product term, Unsecured Signature Loan – an unsecured signature loan is one whereby the borrower/applicant isn’t required to provide security in the form of tangible collateral, such as home equity, a vehicle, or an item of value in excess of the applied for Read more on this loan…

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What is a Credit Union

Tuesday, December 8, 2009

Many different people ask what is the difference between a credit union and the bank. Not a lot of difference but this article should straighten out any questions you may have regarding the difference between your local credit union and your local banks. A credit union is a nonprofit financial cooperative Read more on this loan…

Also filed in | Tagged personal loan | Comments (0)
  • Recent Loan Publications

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    • DTI – Debt To Income Ratio Acronym Description
    • FP100 – Loan Product Acronym Description
    • USL – Loan Product Acronym Description
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