Glossary - Simple Solutions Credit Consulting

Credit Vocabulary
Credit and debt related terms that are on used on this site.

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Payment Status	Reflects the previous history of the account, including any delinquencies or derogatory conditions occurring during the previous seven years (i.e., Current account, delinquent 30, current was 60, redeemed repossession, charge-off – now paying, etc.)

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Glossary V2.0