melissacook

Melissa Cook

Melissa has a degree in English and marketing from University of California Irvine. She is a creative and accomplished content writer and editor with comprehensive experience developing rich, compelling content for a variety of websites. With her expertise in writing a broad range of content, combined with outstanding interpersonal skills and commitment to exploring innovative ideas, Melissa has done an excellent job developing content for blogs, articles, social media, and the company website. When she is not writing, Melissa spends most of her time cooking, traveling the world, and catching her favorite Broadway shows.

What Is A Debt Collector?

 Updated Jan 17, 2023
By Melissa Cook
What Is A Debt Collector?

A debt collector is an entity that tracks down and collects payments on overdue debts. A debt collector may be an attorney, a credit collection agency, or even the original...

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The Truth in Lending Act

 Updated Jan 17, 2023
By Melissa Cook
The Truth in Lending Act

The Truth in Lending Act (also known as the TILA) is designed to promote the informed use of consumer credit. It requires lenders to provide customers with clear...

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Secured Loan

 Updated Jan 05, 2023
By Melissa Cook
Secured Loan

A secured loan is a type of loan that is backed by collateral, which is an asset that the borrower pledges as security for the loan. This collateral serves as a guarantee for the...

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Annual Percentage Rate

 Updated Jan 05, 2023
By Melissa Cook
Annual Percentage Rate

An annual percentage rate (APR) is a measure of the cost of borrowing money, expressed as a yearly interest rate. It is typically used to compare different loan or credit products...

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What is a Lien?

 Updated Dec 12, 2022
By Melissa Cook
What is a Lien?

A lien is a legal claim that gives a lender or creditor the right to take and sell your property. Read more about liens.

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What is Delinquent Debt?

 Updated Dec 05, 2022
By Melissa Cook
What is Delinquent Debt?

Delinquent debt is a term used to describe debt that has not been paid on time, or even at all.

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What is Forbearance?

 Updated Dec 05, 2022
By Melissa Cook
What is Forbearance?

Forbearance is when a creditworthy borrower faces temporary hardship and is unable to meet their obligations, the lender may decide to refrain from collecting on the debt. Forbearance allows the borrower additional time to...

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Dependent

 Updated Nov 30, 2022
By Melissa Cook
Dependent

A dependent is someone who relies on another individual for the financial support they need to meet their basic expenses. An individual can be a dependent of different people throughout their life, such as...

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Liquidation

 Updated Nov 30, 2022
By Melissa Cook
Liquidation

Liquidation is a process in which assets of a company are sold off to settle its debts.

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