Underwriting
The process lenders and insurers use to assess how risky it is to lend to you or insure you.
Topic Credit
Interest
The price of money: what you earn for lending it, or pay for borrowing it.
FICO score
The most widely used brand of credit score in the United States.
Credit score
A number (usually 300-850) that tells lenders how reliably you repay debt. Higher scores unlock cheaper borrowing.
APR (Annual Percentage Rate)
The yearly cost of borrowing money, including interest and most fees, shown as a percentage.