Credit Vocabulary |
Credit and debt related terms that are on used on this site.
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View Glossary |
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| There are 11 entries in the glossary. |
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| Date filed | The date that a public record was awarded. |
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| Date of Status | On the credit report, date the creditor last reported information about the account. |
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| Date Opened | On the credit report, indicates the date an account was opened. |
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| Date resolved | The completion date or satisfaction date of a public record item. |
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| Debt-to-available-credit ratio | The amount of money a person has in outstanding debt, compared to the amount of credit available on all of the individual’s credit cards and credit lines. The higher a person’s debt to available credit, the more risky the individual appears to potential lenders. |
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| Default | A designation on a credit report that indicates a person has not paid a debt that was owed. Accounts usually are listed as being in default after several reports of delinquency. Defaults are a serious negative item on a credit report. |
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| Delinquent | Accounts classified into categories according to the time past due. Common classifications are 30, 60, 90 and 120 days past due. Special classifications also include charge-off, repossession, transferred, etc. |
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| Discharge | Granted by the court to release a debtor from most of his debts that were included in a bankruptcy. Any debts not included in the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged. |
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| Disclosure | Providing the consumer with his or her credit history as required by the FCRA. Experian provides consumer credit report disclosures via the Internet, by U.S. Mail or in person at our office location in Santa Ana, CA. |
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| Dismissed | When a consumer files a bankruptcy, the judge may decide to not allow the consumer to continue with the bankruptcy. If the judge rules against the petition, the bankruptcy is known as dismissed. |
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| Dispute | If a consumer believes an item of information on their credit report is inaccurate or incomplete, they may challenge, or dispute the item. Credit bureaus are mandated to investigate, correct and/or remove any inaccurate information or information that cannot be verified. |
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Glossary V2.0 |
