Inquiries

An item on a consumer's credit report that shows that someone with a “permissible purpose” (under FCRA rules) has previously requested a copy of the consumer's report. Fair Isaac credit bureau risk scores take into account only inquiries resulting from a consumer's application for credit.

Late Payments

A delinquent payment; a failure to deliver a loan or debt payment on or before the time agreed.

Eviction

The removal of a tenant from possession of premises in which he or she resides or has a property interest done by a landlord either by reentry upon the premises or through a court action.

Eroneous Items

Items on your Credit Report that are Incorrect, containing errors, Wrong. 

Identity Theft

The illegal use of someone else's personal information (such as a ID, Social Security number, Birth Certificate) especially in order to obtain money or credit.

Outdated Items

Items that remain on your credit long after the legal time limit.

Forclosures

The action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.

Shortsales

A Real Estate short sale is any sale of Real Estate that generates proceeds that are less than the amount owed on the property. A Real Estate short sale occurs when a lender and borrower decide that selling a piece of property, thereby absorbing a moderate loss, is preferable to having the borrower default on the loan.

Repossessions

The action of retaking possession of something, in particular when a buyer defaults on payments.

Charge Offs

The balance on a credit obligation that a lender no longer expects to be repaid and writes off as a bad debt.