Credit and Financing

 

 

 

Home Mortgage

Home Refinance

Second Mortgage

Reverse Mortgages

Home Equity Loans

VA Home Loans

FHA Loans


Credit Cards

Reward Cards

Debit Cards


Cash Advances

Payday Loans

Personal Loans


Auto Loans

Motorcycle Loans

Auto Refinance


Debt Consolidation

SubPrime Loans

Military Loans



Student Loans

Stafford Loans

Direct Loans


Business Loans

Line of Credit

Factoring

Microloans


Mortgage Rates

Interest Rates

Loan Calculators


Credit Report

Credit Repair

About Creditors

A creditor is a party (e.g. person, organization, company, or government) that has a claim to the properties or services of a second party. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property or service. The second party is frequently called a debtor or borrower.

Simply put, creditors are people to whom someone owes money.

The term creditor is frequently used in the financial world, especially in reference to short term loans, long term bonds, and mortgages. In law, a person who has a money judgment entered in their favor by a court is called a judgement creditor.

The term creditor derives from the notion of credit. In modern America, credit refers to a rating which indicates the likelihood a borrower will pay back his or her loan. In earlier times, credit also referred to reputation or trustworthiness.

 


Home Page
Custom Search
Site MapAdvertise With UsAbout Us

Legal Resource Center

Payless Insurance

Center For Debt

Tax Services

Financial Resource Center

  Our Privacy Policy © Copyright 2009 Gelinas Associates - All Rights Reserved