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Repayment is the act of settling a debt according to a loan's terms. typically through recurring payments over a set period of time.| Investopedia
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A financial institution (FI) is a company that focuses on dealing with financial transactions, such as investments, loans, and deposits.| Investopedia
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A collection agency is a company used by lenders to recover funds that are past due or from accounts that are in default.| Investopedia
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A balance sheet is a financial statement that reports a company's assets, liabilities and shareholder equity at a specific point in time.| Investopedia
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Home equity loans and home equity lines of credit (HELOCs) offer homeowners a way to access cash. The amount of money you get is dependent upon your equity.| Investopedia
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A credit report is a detailed breakdown of an individual's credit history, compiled by one of the three major credit bureaus.| Investopedia