Investopedia

Continue to Site »

Private-Label Credit

Filed Under » ,
Dictionary Says

Definition of 'Private-Label Credit'

A type of revolving-credit plan managed by a bank or commercial finance company. Private-label credit plans are managed for either retail or wholesale manufacturers, such as department and specialty stores. This type of program allows retailers to offer more lenient and extended terms to customers than they could otherwise.
Investopedia Says

Investopedia explains 'Private-Label Credit'

If a third party, such as a bank, manages a private-label credit program for a retailer or manufacturer, it will perform several functions. These include the issuance of cards, funding of credit and the collection of payments from customers. The criteria for credit are jointly established by the service provider and the retailer.

Articles Of Interest

  1.

    What's On A Consumer Credit Report?

    A look at the various components and considerations that go into one's credit report and credit score.

  2. The History Of Consumer Credit Rights

    The Fair Credit Billing Act of 1974 gave consumers the power to dispute credit card charges.

  3. 7 Unconventional Ways Businesses Can Borrow Money

    Find out how your business can get the money it needs - even when the bank says "no".

  4. Taxable Rewards To Be Aware Of

    Find which benefits from reward programs count as income in the eyes of the IRS.

  5. Financial Solutions For Young Women

    Break through the stereotypes and find out how to manage your life to meet your needs.

  6. Bloated Budget? How To Trim The Fat

    Blood, sweat and tears should belong in the gym, but your money deserves some training time too.

  7. Top 5 Budgeting Questions Answered

    You don't need a degree to understand your money, begin saving and pay down debt.

  8. Shuffle Away Your Debt With Balance Transfers

    This option can save you big bucks, but only if you watch out for rates and fees.

  9. A Guide To Debt Settlement

    Find out how you can negotiate your way to a lower debt load by paying up front.

  10. Retirement Savings Tips For 35- To 44-Year-Olds

    Learn how the "sandwich generation" can save for retirement while taking care of their kids and parents.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  2. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  3. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  4. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  5. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.

  6. Lease To Own

    An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
Trading Center