Whois & Analysis for upgrade.com

A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of the US citizen.

A credit score is primarily based on a credit report information typically sourced from credit bureaus.

Prepayment is the early repayment of a loan by a borrower, in part or in full, often as a result of optional refinancing to take advantage of lower interest rates.

In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.

A debt generally refers to money owed by one party, the borrower or debtor, to a second party, the lender or creditor.

The borrower or debtor may be a sovereign state or country, local government, company, or an individual.

The lender or creditor may be a bank, credit card company, payday loan provider, or an individual.

Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.

The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.

A fixed-rate mortgage (FRM), often referred to as a "vanilla wafer" mortgage loan, is a fully amortizing mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float".

As a result, payment amounts and the duration of the loan are fixed and the person who is responsible for paying back the loan benefits from a consistent, single payment and the ability to plan a budget based on this fixed cost.