Creditors are individuals or institutions that extend credit through loan agreements. Personal creditors lend to friends and family, while real creditors are banks. Creditors can be classified as secured (with collateral) or unsecured
Equity is the difference between what you own and what you owe. In a $250,000 home with $200,000 mortgage, you have $50,000 equity
Credit/debit cards remain dominant with BNPL services like Klarna and Clearpay. Digital wallets like Apple Pay and PayPal are widely used. Many European countries have unique regional payment systems
DSCR measures entity's ability to cover debt service obligations. Calculated by dividing operating income by total debt service due. Higher DSCR indicates better debt servicing ability
PNC charges $36 for standard overdraft coverage. Maximum four overdraft transactions per day, totaling $144. Overdraft fees range from $20 to $50 for low balances. $5 margin of error refunds fees for overdrafts under $5