Consumer Statement
A consumer statement is an area on a credit report that allows the consumer to ...
Credit Dictionary
Credit Report
A credit report is a collection of credit accounts, usage and payment history that is ...
Permissible Purpose
Permissible purpose is defined in the Fair Credit Reporting Act for those who request a ...
Soft Inquiry
A soft inquiry is a non-credit related inquiry on a credit report. A perfect example ...
Security Alert
A security alert is issued when a consumer has been the victim of lost or ...
Public Record
A high balance is reported on trade lines indicating the highest balance the consumer has ...
High Balance
A high balance is reported on trade lines indicating the highest balance the consumer has ...
Hard Inquiries
Hard Inquiries are made by credit grantors when a consumer applies for a credit product. ...
Derogatory Information
Derogatory information is unfavourable or negative information on an individual’s credit report. This includes late ...
Decisioning
Decisioning is the process of coming to a judgement on a matter under review. In ...
Co-Signer
A co-signer, co-borrower, guarantor or co-applicant is an additional borrower on a loan, credit card ...
Direct vs. Indirect Disputes
The Fair Credit Reporting Act (FCRA) provides two options for disputing inaccuracies: direct and indirect. ...