4 Results for Tag: repay

Ability To Repay

Ability To Repay What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was used in the Explaining 'Ability To

Passbook Loan

Passbook Loan What is 'Passbook Loan' A personal loan extended to a savings-account holder by the custodial bank. Passbook loans use the balance of the savings account as collateral for th

Fair Credit Billing Act (FCBA)

Fair Credit Billing Act (FCBA) What is the 'Fair Credit Billing Act - FCBA' A federal law designed to protect consumers from unfair credit billing practices. The Fair Credit Billing Act (F

Wage Earner Plan (Chapter 13 Bankruptcy)

Wage Earner Plan (Chapter 13 Bankruptcy) What is 'Wage Earner Plan (Chapter 13 Bankruptcy)' Also known as a Chapter 13 bankruptcy, this enables individuals with regular income to develop a