A credit grantor is any individual or business that extends credit to customers. The credit can be for other businesses or consumers and can come in many forms, such as closed-end loans (like auto loans, mortgages, and student loans), revolving loans (like credit cards or certain home equity loans), or a hybrid of the two. Some credit is backed by property or assets. In the U.S., the primary credit grantors are large commercial banks and credit unions. But credit is also extended by small businesses, governments, and other organizations.
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KeyCorp Nearly Doubles Charge-Off Forecast
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The 5 E’s: A Creditor’s Guide to Managing Outside Collection Agencies
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Credit Card Spending Growth Continues Unabated As Do Charge-Offs and Delinquencies
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Chase, First Data to Split Paymentech
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