Glossary

Negotiation with creditor to pay back only a portion of total debt.

This refers to an agreement wherein a borrower pays off a debt or loan for less than the total amount due. Settlements can harm your

This nine digit number is a unique number associated with the Social Security savings of US citizens. It is also used by those who are

This type of inquiry does not negatively impact your credit score and is typically done when businesses need to see your credit data for reasons

The entity that supplied certain information that appears on the credit report.

On the credit report, this indicates the state of the account or current status of debt.

This refers to a borrower with a poor credit score (less than 650) who does not qualify for standard or prime credit and loan offers.

This refers to a claim against money, assets or property that is made by a taxing authority for taxes owed.

This refers to a credit reporting system for borrowers with poor or no credit. It includes data about non-standard lenders and atypical financial history, such