Glossary-g 2017-10-17T16:56:59+00:00

Glossary G

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Garnishment

What is a Garnishment?
A Garnishment is a court order stating that money or property of an individual or company be seized and paid to a creditor to satisfy a debt. Usually, this term is used for a wage garnishment.

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GE Money Bank – GEMB on credit report

What does GE Money Bank or GEMB on a credit report mean?
When a consumer finds GE Money Bank or GEMB on their credit report, it can stand for a number of different retail credit card accounts opened in their name.

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GECU Credit Union on credit report

What does GECU Credit Union on a credit report mean?
If GECU Credit Union shows up on a credit report, it represents an account with or debt owed to the Greater El Paso Credit Union or the Government Employees’ Credit Union.

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GEMB/Walmart on credit report

What does GEMB/Walmart on a credit report mean?
When GEMB/Walmart is found on a credit report, it represents a Walmart store credit card in the consumer’s name.

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Generation Identifier

What is a Generation Identifier?
Generation Identifiers are Jr., Sr., II, III, IV, etc.

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Geographical Code

What is a Geographical Code?
A Geographical Code is a code representing a specific geographical location.

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Get Your Financial Affairs in Order

What does Get Your Financial Affairs in Order mean?
The term “Get Your Financial Affairs in Order” refers to the process an individual, family or business must go through to get a handle on their financial situation.

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Ginnie Mae

What is Ginnie Mae?
Ginnie Mae is a US government corporation found within the US Department of Housing and Urban Development of HUD. Ginnie Mae’s responsible for the liquidity of government-insured mortgages and helps bring investor’s capital into the market for VA, RHA and FHA mortgages.

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Global Client Solutions (GCS)

What is Global Client Solutions or GCS?
Global Client Solutions or GCS is a leading account management service in the debt settlement industry.

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GMAC Mortgage on credit report

What does GMAC Mortgage on a credit report mean?
Finding GMAC Mortgage on a credit reports means the consumer either holds or held a mortgage account with this company.

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GMAC on credit report

What does GMAC on a credit report mean?
Finding GMAC on a credit report usually means the consumer holds or held a vehicle loan with GMAC.

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Goldman Sachs Bank on credit report

What does Goldman Sachs Bank on a credit report mean?
Finding Goldman Sachs Bank on a credit report means the consumer either holds an account or held an account with this company.

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Good Credit Score

What is a Good Credit Score?
A Good Credit Score is a credit score high enough to make the borrower a safe credit risk for the lender, usually aFICO score above 620 is considered good credit.

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Grace Period

What is a Grace Period?
A Grace Period is the time following the due date of a payment before a late charge is applied to an account.

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Graduated Mortgage Payments (GPM’s)

What are Graduated Mortgage Payments?
Graduated Mortgage Payments are a type of fixed rate mortgage payment that increased between 7-12% annually over the term of the mortgage.

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Graduated Payment

What is a Graduated Payment?
A Graduated Payment is a payment term for a loan or mortgage in which, the regular payment slowly increased throughout the term of the loan.

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Great Credit Score

What is a Great Credit Score?
A Great Credit Score is a FICO score above 700 allowing the lender to feel as if the borrower presents very little risk in repaying a loan or other type of financing extended.

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Grow Financial Federal Credit Union on credit report

What does GE Money Bank or GEMB on a credit report mean?
When Grow Financial Federal Credit Union is found on a credit report, it stands for any debt owed or account held with Grow Financial Federal Credit Union.

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GTE Federal Credit Union on credit report

What does GTE Federal Credit Union on a credit report mean?
If GTE Federal Credit Union is found on a credit report it means the consumer holds or held an account with the GTE Federal Credit Union, usually a loan or other type of financing.

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GTWY/CBSD on credit report

What does GTWY/CBSD on a credit report mean?
When a consumer finds GTWY/CBSD on their credit report, it represents an account or debt owed to Gateway, which uses Citi Bank South Dakota (CBSD) for their financing.

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Guarantor

What is a Guarantor?
A Guarantor is someone that guarantees repayment of a loan or other type of financing.

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