Credit Glossary
Credit Terms

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CREDIT TERMS - A
 



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Account Condition

Indicates the present state of the account, but does not indicate the payment history of the account that led to the current state. (i.e. open, paid, charge off, repossession, settled, foreclosed, etc).

Account number

The unique number assigned by a creditor to identify your account with them.

Accounts in Good Standing

This section lists credit items that have a positive status and should reflect favorably on your creditworthiness. It includes the creditor's name and address, your account number, the status, type and terms of the account, and additional information as reported to us by your creditors. Some creditors may not report to us, so all of your accounts may not be listed.

Adjustment

This is the percentage of the debt that is to be repaid to the credit grantors in a Chapter 13 bankruptcy.

AKA

Also Known As May show additional names for JR Sr etc or a type in Social Security number

Association Code

Describes the consumer's relationship to an account

Authorized User

Person permitted by a credit cardholder to charge goods and services on the cardholder's account. If you wish to have your name permanently removed as an authorized user on an account, you will need to notify the credit grantor.


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