Credit Vocabulary | |
| Credit and debt related terms that are on used on this site. | |
| You can always search for entries (regexp permitted). | |
| View Glossary | |
| Collection | A creditor’s attempt to recover a past-due payment by turning the account over to a collection department or company. Having a debt in collection is a serious negative item on a credit report. |
| Glossary V2.0 | |

