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
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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