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Credit terms

Plain-language definitions for common credit terms, so you can understand what you are reading before you decide what to do next.

UtilizationHow much available revolving credit is being used.

InquiryA record connected to a request to review credit.

Charge-offAn account status that may appear after serious delinquency.

CollectionA debt reported as handled by a collection company.

Derogatory markNegative account information in a credit history.

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