Date of Last Activity
: This notation indicates how long your credit record will be affected by the history of that credit account.
: A process of combining many debts into one larger debt to simplify repayment.
Debt Management Program
: A specialized debt repayment plan designed to make repayment of unsecured debt more affordable to distressed debtors.
Debt Settlement Plan
: Based on unrealistic expectations, it is an ineffective and costly approach to negotiating payoffs for debt.
Deed in Lieu of Foreclosure
: It carries many of the same consequences of foreclosure, but at a lower cost.
: Certain sales contracts may allow for a delay in payment even though goods or services have been delivered.
: You have the right to dispute the validity of information that appears on your credit reports.