Glossary

Variable Rate

This is a percentage rate that may change over time depending on the lending rate of the creditor and the terms of the agreement made.

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Verification

This is initiated by the consumer to verify the data in their credit report. A verification looks into their file to make sure that all

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Victim Statement

When a person has been the victim of identity theft, this can be attached to their credit report. This alerts creditors that the individual must

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Wage Assignment

When a creditor must collect debt from a person’s wages. This is commonly known as a wage garnishment and must be put forth by a

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