help.equifax.com

Website:https://help.equifax.com/s/
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Definitions (144)

1

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Litigation


A law suit.
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Trade line


A credit industry term for an account listed on a credit file.
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Court


The place where trials are held; the place where plaintiffs and defendants go to petition for their respective rights.
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DEFAULT


Failure to fulfill an agreed-upon financial obligation, such as making a loan payment.
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PRINCIPAL


The outstanding balance of a loan, exclusive of interest and other charges.
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account


A business arrangement between a consumer and a credit grantor or service provider in which the consumer may buy things or services and pay for them within a specified future period.
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Account number


The account number reported by the credit grantor
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Account Status


Reflects the current status of the account as of the Date Reported.
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account type


Refers to the account classification, such as Auto, Education, Credit Card, etc.
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Activity Description


The most recent account activity.
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