Glossary

This is a score given to an individual based on their credit report to help a lender determine whether the borrower should be given a

A system used to determine the risk in issuing debt to a borrower. A credit score is a number based on a number of factors

The extent that a person is considered favorable when it comes to issuing credit to that person. This is generally based on the credit score

An individualized plan to help an individual pay off a debt to a creditor. Within a custom payment plan, a borrower agrees to pay back

The date that a public record was granted.

This is the date last reported on your account.

The date the account was opened. This will be reflected on the credit report.

The date the public record items was satisfied (usually an outstanding debt).

The amount you must pay back on a credit loan.