Glossary-e 2017-10-17T16:54:35+00:00

Glossary E

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Eastern Financial Florida Credit Union on credit report

What does Eastern Financial Florida Credit Union on a credit report mean?
When a consumer finds Eastern Financial Florida Credit Union on a credit report, it stands for a debt owed or an open account with the Eastern Financial Florida Credit Union.

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Eastman Credit Union on credit report

What does Eastman Credit Union on a credit report mean?
If a consumer finds Eastman Credit Union listed on their credit reports, it means they have an account or owe a debt to the Eastman Credit Union.

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Ebby Halladay

What is Ebby Halladay?
Ebby Halladay is an American realtor. She founded Ebby Halladay Realtors, which currently sells more homes in the state of Texas than any other brokerage.

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Education Loan

What is an Education Loan?
An Education Loan is a loan designed to help students pay for college tuition, living expenses and books. It allows the student to use the funds now without making payments until after graduation.

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Empirica Score

What is an Empirica Score?
The Empirica Score is the name given to the credit score obtained from Transunion.

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End-user

What is an End-user?
The End-user is the person that actually uses the funds from a loan or other type of financing.

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Enhanced Recovery Company, LLC – Enhanced Recovery Co L on credit report

What does Enhanced Recovery Company, LLC or Enhanced Recovery Co L on a credit report mean?
When a consumer finds Enhanced Recovery Company, LLC or Enhanced Recovery Co L on their credit report, it represents an account turned over to this collection company.

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Ent Federal Credit Union on credit report

What does Ent Federal Credit Union on a credit report mean?
If Ent Federal Credit Union is found on a credit report, it represents an account or debt owed to Ent Federal Credit Union.

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Equal Credit Opportunity Act (ECOA)

What is the Equal Credit Opportunity Act or ECOA?
The Equal Credit Opportunity Act or ECOA is a United States Law guaranteeing all individuals equal opportunity to apply for loans. Lenders cannot discriminate based on any criteria other than creditworthiness.

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Equifax

What is Equifax?
Equifax is one of the three largest American credit reporting agencies.

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Equifax mortgage solutions – equifax

What is Equifax mortgage solutions?
Equifax mortgage solutions is a division of Equifax set up to help mortgage lenders assess the risk of a potential borrower.

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Equity

What is Equity?
Equity, in reference to real estate, is the difference between the current market value of a property and the amount still owed on all mortgage loans attached to the property. If the owner were to sell the property, it’s the amount they would collect once the sale is final.

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ESL Federal Credit Union on credit report

What does ESL Federal Credit Union on a credit report mean?
When a consumer finds ESL Federal Credit Union on a credit report, it represents any account or debt owed to ESL Federal Credit Union.

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E-Trade Bank

What is E-Trade Bank?
E-Trade Bank is an online company offering a wide range of investment, retirement and banking services to individual consumers.

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Evictions affect on credit

What are Evictions affect on credit?
Evictions affect on credit is a term to describe how getting evicted from a rental property affects your credit score, but evictions don’t end up on your credit report without a judgment filed against you. However, they do get reported to a public database used by most rental companies.

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Experian

What is Experian?
Experian is known as one of the top three credit reporting agencies in America and operates in 41 countries worldwide. Formerly it was known as CCN Group.

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Expiration Term

What is an Expiration Term?
The Expiration Term is the set number of years an item will remain on your credit report. Negative items usually expire within 7-10 years, inquiries within 2 years and positive items can stay on your credit report indefinitely.

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