Indicates a judgment that was rendered void or set aside.
An annual percentage rate that may change over time as the prime lending rate varies or according to your contract with the lender.
Verifying whether data in a credit report is correct or not. Initiated by consumers when they question some information in their file. Credit reporting agencies will accept authentic documentation from the consumer that will help in the verification.
A statement that can be added to a consumer’s credit report to alert credit grantors that a consumer’s identification has been used fraudulently to obtain credit. The statement requests the credit grantor to contact the consumer by telephone before issuing credit. It remains on file for 7 years unless the consumer requests that it be removed.
If a consumer files the bankruptcy on his own, it is known as voluntary bankruptcy.