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GLOSSARY TERMS
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Finance Charge

A finance charge is a fee imposed on a consumer for using credit in the form of a loan or a credit card. These finance charges may be in the form of interest accrued or fees charged on a debt (such as balance transfer, cash-advance, or over-the-limit fees).


Previous Credit Card Term: Fair Debt Collection Practices Act (FDCPA)

Next Credit Card Term: Financial Assistance Agency


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