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TOOLS AND RESOURCES
Debt-tackling tool kit
Use these work sheets, calculators and resources to get out of the red.
Out of the red and into the black

Glossary of debt and savings terms

Loan and credit card contracts can be fraught with confusing terms and jargon. Get debt under control and beef up savings with this list of terms to know.

Glossary of debt and savings terms

1. Annual fee -- A bank charge imposed each year for use of a credit card. It may also be called a membership or participation fee. It can range from $15 to $300, and usually gets billed directly to the customer's monthly statement. Many credit cards have no annual fee.

-- Posted: Feb. 25, 2008
 
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