Credit Education » Credit Report Basics » Account Status Glossary

Account Status Glossary

  • 120 Days Past Due
    If you missed a scheduled payment on an account by 120 days, the lender may report your Payment Status as 120 Days Late. This may negatively impact your Credit Scores.
  • 150 Days Past Due
    If you missed a scheduled payment on an account by 150 days, the lender may report your Payment Status as 120 Days Late. This may negatively impact your Credit Scores.
  • 180 Days Past Due
    If you missed a scheduled payment on an account by 180 days, the lender may report your Payment Status as 120 Days Late. This may negatively impact your Credit Scores.
  • 30 Days Past Due
    If you missed a scheduled payment on an account by 30 days, the lender may report your Payment Status as 120 Days Late. This may negatively impact your Credit Scores.
  • 60 Days Past Due
    If you missed a scheduled payment on an account by 60 days, the lender may report your Payment Status as 120 Days Late. This may negatively impact your Credit Scores.
  • 90 Days Past Due
    If you missed a scheduled payment on an account by 90 days, the lender may report your Payment Status as 120 Days Late. This may negatively impact your Credit Scores.
  • Auto Inquiry
    A lender has requested a copy of your Credit Report for an automobile loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Auto Lease Inquiry
    A lender has requested a copy of your Credit Report for an auto lease loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Bank / Credit Card Inquiry
    A lender has requested a copy of your Credit Report for a bank/credit card. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Bank Adjustment / Deed in Lieu / Bank Liquidation
    Deed in lieu is when you deed property back to the lender to avoid foreclosure. Bank Liquidation means that assets are sold so that the proceeds can be used to pay creditors. This may negatively impact your Credit Score.
  • Bankruptcy Discharged
    A bankruptcy discharge is granted by the court to release a debtor from most of his or her debts that were included in a bankruptcy. Any debts not included in the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged.
  • Business Loan Inquiry
    A lender has requested a copy of your Credit Report for a business loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Card Lost / Stolen / Replaced
    You have made a claim that your card was lost or stolen.
  • Card Over Limit
    Charging more than your card limit could result in over-the-limit fees, a decrease in your credit limit, or other penalties imposed by the credit card provider. Habitually over-charging could result in the account being closed by the lender.
  • Chapter 11 Bankruptcy Discharged
    A bankruptcy discharge is granted by the court to release a debtor from most of his or her debts that were included in a bankruptcy. Any debts not included in the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged. Chapter 11 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 11 Bankruptcy Discharged
    A bankruptcy discharge is granted by the court to release a debtor from most of his or her debts that were included in a bankruptcy. Any debts not included in the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged. Chapter 11 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 11 Bankruptcy Dismissed
    When you file a bankruptcy, the judge may decide to not allow you to continue with the bankruptcy. If the judge rules against the petition, the bankruptcy is known as dismissed. Chapter 11 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 11 Bankruptcy Petition
    If you file a bankruptcy, but a judge has not yet ruled that it can proceed, it is known as bankruptcy petitioned. Chapter 11 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 11 Bankruptcy Withdrawn
    Withdrawn means a decision was made not to pursue a bankruptcy, a lien, etc. after court documents have been filed. Chapter 11 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 12 Bankruptcy Discharged
    A bankruptcy discharge is granted by the court to release a debtor from most of his or her debts that were included in a bankruptcy. Any debts not included in the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged. Chapter 12 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 12 Bankruptcy Dismissed
    When you file a bankruptcy, the judge may decide to not allow you to continue with the bankruptcy. If the judge rules against the petition, the bankruptcy is known as dismissed. Chapter 12 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 12 Bankruptcy Petition
    If you file a bankruptcy, but a judge has not yet ruled that it can proceed, it is known as bankruptcy petitioned. Chapter 12 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 12 Bankruptcy Withdrawn
    Withdrawn means a decision was made not to pursue a bankruptcy, a lien, etc. after court documents have been filed. Chapter 12 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 13 Bankruptcy Discharged
    A bankruptcy discharge is granted by the court to release a debtor from most of his or her debts that were included in a bankruptcy. Any debts not included in the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged. Chapter 13 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 13 Bankruptcy Dismissed
    When you file a bankruptcy, the judge may decide to not allow you to continue with the bankruptcy. If the judge rules against the petition, the bankruptcy is known as dismissed. Chapter 13 bankruptcies generally remain on your Credit Report 7 years from the filing date.
  • Chapter 13 Bankruptcy Petition
    If you file a bankruptcy, but a judge has not yet ruled that it can proceed, it is known as bankruptcy petitioned. Chapter 13 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 13 Bankruptcy Withdrawn
    Withdrawn means a decision was made not to pursue a bankruptcy, a lien, etc. after court documents have been filed. Chapter 13 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 7 Bankruptcy Discharged
    A bankruptcy discharge is granted by the court to release a debtor from most of his or her debts that were included in a bankruptcy. Any debts not included in the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged. Chapter 7 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 7 Bankruptcy Dismissed
    When you file a bankruptcy, the judge may decide to not allow you to continue with the bankruptcy. If the judge rules against the petition, the bankruptcy is known as dismissed. Chapter 7 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 7 Bankruptcy Petition
    If you file a bankruptcy, but a judge has not yet ruled that it can proceed, it is known as bankruptcy petitioned. Chapter 7 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Chapter 7 Bankruptcy Withdrawn
    Withdrawn means a decision was made not to pursue a bankruptcy, a lien, etc. after court documents have been filed. Chapter 7 bankruptcies generally remain on your Credit Report 10 years from the filing date.
  • Charge-off
    Charge-off is the action of transferring accounts deemed uncollectible to a category such as bad debt or loss. Collectors will usually continue to solicit payments, but the accounts are no longer considered part of a company’s receivable or profit picture. A charge-off may negatively impact your Credit Scores.
  • Civil Action Satisfied
    A civil action is any court action taken against you to regain money for someone else. Usually, it will be a wage assignment, child support judgment, small claims judgment or a civil judgment. Civil judgments may remain on your Credit Report 7 years from the filing date.
  • Civil Actions
    A civil action is any court action taken against you to regain money for someone else. Usually, it will be a wage assignment, child support judgment, small claims judgment or a civil judgment.
  • Collateral Released – Balance Owed
    Your collateral has been released by the creditor, but the balance is owed. This may have a negative impact on your Credit Scores.
  • Collections
    Accounts in Collections are accounts that are seriously overdue and have been turned over to a collection agency. These type of accounts may negatively impact your Credit Scores.
  • Credit Line Closed by Grantor
    Closed accounts that have no late payment history may remain on your Credit Report for 10 years or more from the date closed. Closed accounts with negative information in the payment history may remain on your credit report for 7 years from the original date of the first delinquency that led to the most recent negative status reported.
  • Credit Line No Longer Available
    Your credit line is no longer available and is in repayment phase. This may have a negative impact on your Credit Scores.
  • Credit Line Reduced
    Your credit line has been reduced due to collateral depreciation. This may have a negative impact on your Credit Scores.
  • Credit Line Suspended
    Your credit line has been suspended due to collateral depreciation. This may have a negative impact on your Credit Scores.
  • Debt Included Bankruptcy Discharged
    Debtor is no longer legally required to pay any debts that are discharged. This may have a negative impact on your Credit Scores.
  • Debt Repayment Plan
    A debt repayment plan has been administered by a court appointed trustee. This may have a negative impact on your Credit Scores.
  • Deceased
    Your Social Security Number was reported as deceased on the Social Security Administration’s Retired Social file.
  • Foreclosure
    Foreclosures may remain on your Credit Report 7 years from the filing date of foreclosure. Its impact to your Credit Scores will lessen over time.
  • Fraud Alert
    A fraud alert notifies potential lenders who view your credit report to verify your identity before granting new/additional credit.
  • Government / Insurance Claim
    A status of Government Claim/Insurance Claim indicates that when you defaulted on the loan, the lender filed a claim to recover the amount due.
  • Home Equity Inquiry
    A lender has requested a copy of your Credit Report for a home equity loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Installment Loan Inquiry
    A lender has requested a copy of your Credit Report for an installment loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Lien
    A lien is a legal document used to create a security interest in another’s property. A lien is often given as a security for the payment of a debt. A lien can be placed against you for failure to pay the city, county, state or federal government money that is owed. It means that your property is being used as collateral during repayment of the money that is owed. Unpaid tax liens may remain on your Credit Report for 15 years from the filing date. Paid tax liens may remain 7 years from the paid date.
  • Lien Released / Satisfied
    A lien is a legal document used to create a security interest in another’s property. A lien is often given as a security for the payment of a debt. A lien can be placed against you for failure to pay the city, county, state or federal government money that is owed. It means that your property is being used as collateral during repayment of the money that is owed. Unpaid tax liens may remain on your Credit Report for 15 years from the filing date. Paid tax liens may remain 7 years from the paid date.
  • Loan Modification
    Your mortgage loan has been modified under a federal or non-federal government plan. This may have a negative impact on your Credit Scores.
  • Mortgage Inquiry
    A lender has requested a copy of your Credit Report for a mortgage loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • New Address
    A company has updated the address listed on your credit report.
  • New Auto Loan
    A new automotive account was added to your Credit Report.
  • New Bank/Credit Card
    A new bank / credit account was added to your Credit Report.
  • New Business Loan
    A new automotive account was added to your Credit Report.
  • New Home Equity Loan
    A new business loan was added to your Credit Report.
  • New Installment Loan
    A new automotive account was added to your Credit Report.
  • New Lease
    A new installment loan was added to your Credit Report.
  • New Mortgage Loan
    A new mortgage loan was added to your Credit Report.
  • New Recreational Loan
    A new recreational loan was added to your Credit Report.
  • New Retail Loan
    A new retail loan was added to your Credit Report.
  • New Student Loan
    A new student loan was added to your Credit Report.
  • Not Paying Off Your Balance and Cannot be Located
    Creditor indicated that debtor cannot be located.
  • Partial or Modified Payment Agreement
    It has been reported that you are paying a mortgage loan under a partial or modified agreement. This may have a negative impact on your Credit Scores.
  • Recreational Merchandise Inquiry
    A lender has requested a copy of your Credit Report for a recreational merchandise loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Rental Inquiry
    A lender has requested a copy of your Credit Report for a home rental loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Repossession
    A repossession is a creditor taking possession of property pledged as collateral on a loan contract on which a borrower has fallen significantly behind in payments. This may negatively impact your Credit Scores.
  • Retail Inquiry
    A lender has requested a copy of your Credit Report for a home retail loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Settlement Reported
    Settlement is an agreement with a lender to repay only part of your original debt. Settling an account may negatively affect your Credit Scores.
  • Student Loan Inquiry
    A lender has requested a copy of your Credit Report for a student loan. Every time you apply for credit, a ‘hard inquiry’ is placed on your Credit Report and it may stay on your report for 25 months.
  • Voluntary Surrender
    A voluntary surrender is viewed negatively by most lenders, and may have a negative impact on your Credit Scores.
  • Last Updated: 8/10/2015
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