Glossary-u 2017-10-17T17:07:58+00:00

Glossary U

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U.S. Bancorp

What is U.S. Bancorp?
U.S. Bancorp is an American financial services holding company. They are a part of US Bank, which is the fifth largest US bank.

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U.S. Bank Home Mortgage

What is U.S. Bank Home Mortgage?
U.S. Bank Home Mortgage is the mortgage division of US Bank and handles all mortgage loans and servicing for the parent company.

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UBS Bank on credit report

What does UBS Bank on a credit report mean?
UBS Bank on a credit report stands for the Union Bank of Switzerland or the Swiss Bank Corporation. This represents a debt owed or an account of the consumer with this specific bank.

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Union Bank on credit report

What does Union Bank on a credit report mean?
Union Bank on a credit report can refer to many different banks called “Union Bank”, but it stands for a debt or account owed by the consumer to this bank.

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United Nations Federal Credit Union on credit report

What does United Nations Federal Credit Union on a credit report mean?
Finding the United Nations Federal Credit Union on a credit report means the individual holds an account or held an account with this FCU.

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Universal Default Clause

What is a Universal Default Clause?
The Universal Default Clause allowed a creditor to increase a consumer’s interest rate if they make a latepayment on their account or on another bill. This is usually associated with credit cards.

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Unsecured Credit Card – Unsecured Debt

What is an Unsecured Credit Card or Unsecured Debt?
An Unsecured Credit Card or Unsecured Debt is one with no property or collateral used to secure the card or debt.

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Unsecured Loan

What is an Unsecured Loan?
An Unsecured Loan is one made by the lender without placing a lien on any type of property or holding anything as collateral to secure the loan.

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Unsubsidized Loan

What is an Unsubsidized Loan?
An Unsubsidized Loan is an education loan that accrues interest from the date of disbursement and any unpaid interest is added to the principal balance through capitalization.

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US Bank on credit report

What does US Bank on a credit report mean?
Finding US Bank on a credit report usually refers to a credit card account with US Bank.

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US Dept. of Education – US Department of Education

What is the US Dept. of Education or US Department of Education?
The US Dept. of Education or US Department of Education is a cabinet-level division of the United States government with responsibilities including administering and coordinating federal assistance for students.

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USA Credit

What is USA Credit?
USA Credit is a company responsible for a credit card attached to the USA shopping club.

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USAA Federal Savings Bank

What is the USAA Federal Savings Bank?
USAA Federal Savings Bank is a banking company providing retail banking, investment services, loans and insurance services to military personnel and their families.

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USDA Loan

What is a USDA Loan?
A USDA Loan is a loan requiring no down payment for those looking to finance a home in a rural area.

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USDA Loan Qualifications

What are USDA Loan Qualifications?
The USDA Loan Qualifications are the guidelines in which the USDA extends loans through the USDA loan program to those in rural areas and they vary from one zip code to another.

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Utilization Ratio

What is a Utilization Ratio?
The Utilization Ratio is the ratio between the outstanding balances and the credit limits on a consumer’s accounts.

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