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Personal Finance Debt Glossary: E

eligible debt negotiation - As a general rule, any type of unsecured debt can be successfully negotiated. An unsecured debt is one that is not tied to a specific material item that could be repossessed by the creditor.

 

eliminate credit card debt - See debt settlement faqs

 

eliminate debt - There are many steps that you can take to make certain that your debt does not get out of control. Here are a few that will bring you closer to your goal of debt free living.

 

equifax - Equifax Inc. (NYSE: EFX) is a consumer credit reporting agency in the United States, considered one of the three largest American credit agencies along with Experian and TransUnion. Founded in 1899, Equifax is the oldest of the three agencies and gathers and maintains information on over 400 million credit holders worldwide. Based in Atlanta, Georgia, Equifax is a global service provider with US $1.5 billion in annual revenue and 7,000+ employees in 14 countries.

 

exempt - Property that is exempt is removed from the bankruptcy estate and is not available to pay the claims of creditors. The debtor selects the property to be exempted from the statutory lists of exemptions available under the law of his state. The debtor gets to keep exempt property for use in making a fresh start after bankruptcy.

 

exemptions - Exemptions are the lists of the kinds and values of property that is legally beyond the reach of creditors or the bankruptcy trustee. The debtor in bankruptcy keeps the exempt property. What property may be exempted is determined by state and federal statutes, and varies from state to state.

 

experian - Experian plc (LSE: EXPN), formerly known as CCN Systems, is a global credit information group, with operations in 36 countries. The company is part of the FTSE 100 Index. The company employs 15,500 people. Experian's corporate headquarters are in Dublin, Ireland with operational headquarters in Nottingham, England and Costa Mesa, California, U.S. The company's largest operation is Experian North America, a consumer credit reporting agency that is considered one of the three largest American credit agencies along with Equifax and TransUnion. As well as the US, Experian has operations in most European countries, Argentina, Brazil, Chile, South Africa, China, Japan and Australia.

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