Glossary

A voluntary bankruptcy is any bankruptcy that a consumer decides to file on his own.

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

When a person changes their decision to declare bankruptcy after the paperwork has been filed.

Transferring the balance on one credit card to another credit card. It’s common to receive special offers to transfer your balance to a different credit

This is the ratio of all secured loans of a property or home to the value of the property or home.

Based on a person’s FICO score, an empirica score is a score provided by TransUnion to lenders. Lenders use this score to evaluate a borrower’s

Credit accounts in which the debt is divided into fixed amounts to be paid at specified intervals.

An explanation that you request to be added to your credit report. It’s commonly used to clarify or dispute negative information. Anyone viewing your report