GLOSSARY

Payment Cap Payment due date Penalty APR Penalty Fees Periodic Rate Permissable purpose Personal Credit Personal credit history Personal Identification Number PIN PITI Point-of-Sale Points Pre approved line of credit Prepayment penalty Previous balance Prime Rate Principal Private label cards Promotional inquiry Public record
GLOSSARY TERMS by Alpha
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Promotional inquiry

A type of inquiry recorded on a personal credit report when a creditor requests limited information in order to screen consumers for preapproved offers. A promotional inquiry is a type of soft inquiry and should not affect your credit rating.

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