GLOSSARY

Fair Credit Billing Act (FCBA) Fair Credit Reporting Act (FCRA) Fair Debt Collection Practices Act (FDCPA) Federal Reserve Fees FICO Finance Charge Finance company Financial Assistance Agency Fixed Rate Fraud alert Free period
GLOSSARY TERMS by Alpha
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Free period

Credit cards may grant a designated free period, generally ranging from 20-30 days, during which you can avoid interest charges by paying off your balance in full. Free periods may not apply to cash advances. Also called a "grace period".

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