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Canceled by credit grantor – cancelled by credit grantor

What does cancelled by credit grantor mean?
The term Cancelled by credit grantor means the account was closed by the lender or credit grantor.

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Capacity

What is capacity?
Capacity is the measure of a borrower’s ability to repay a loan.

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Capital One Bank

What is Capital One Bank?
Capital One Bank is a financial institution offering credit cards, checking accounts, savings accounts, auto loans and other banking services.

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Card Holder

What is a Card Holder?
Card holder most often refers to the person with permission to use a line of credit, usually a credit card.

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Cash Advance

What is a Cash Advance?
A cash advance is a high interest loan extended to a borrower with a short term.

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Cash Out Refinance

What is a Cash Out Refinance?
A cash out refinance is a mortgage loan allowing the borrower to receive cash from the equity of their home to spend however they please.

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Century 21

What is Century 21?
Century 21 is a real estate company formerly owned by Cendant Corporation.

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Certegy

What is Certegy?
Certegy was a corporation created by Equifax as their payment servicing division, but since has changed its’ name to Fidelity National Information Services.

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Certificate of Deposit Index (CODI)

What is the Certificate of Deposit Index or CODI?
The Certificate of Deposit Index or CODI is a 12-month average of the dealer bid yields on three-month certificates of deposit. It’s often used for adjustable rate mortgages or ARMs.

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Chapter 11 Bankruptcy

What is a Chapter 11 Bankruptcy?
Chapter 11 Bankruptcy is a statute used by failing businesses allowing debtors control of the business in an attempt to save it.

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Chapter 12 Bankruptcy

What is a Chapter 12 Bankruptcy?
Chapter 12 Bankruptcy is similar to chapter 13 bankruptcies in structure, but offers benefits to fishermen andfarmers in specific circumstances. It is only available to family fishermen and farmers.

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Chapter 13 Bankruptcy

What is a Chapter 13 Bankruptcy?
Chapter 13 Bankruptcy is the bankruptcy law allowing an individual to reorganize his or her finances under the supervision of the courts. The debtor must submit and follow through with a repayment plan of three to five years.

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Chapter 7 Bankruptcy

What is a Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy is the most common form of bankruptcy in the United States and governs liquidation of assets instead of reorganization as Chapter 11 and 13 govern.

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Charge Off

What is a Charge Off?
A Charge Off is a declaration made by a creditor that the debt owed is unlikely to be collected. This often occurs when a debtor becomes delinquent, usually about 6 months behind.

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Charles Schwab

What is Charles Schwab?
Charles Schwab is a brokerage based in San Francisco, California and was founded as a traditional brokerage house. Today, they are one of the largest discount brokers in the world.

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Chase

What is Chase?
Chase, also known as JPMorgan Chase & Co. is a securities, investment banking and retail banking company. They are known as the second largest bank in the United States.

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Chase Auto

What is Chase Auto?
Chase Auto refers to the division of Chase Bank responsible for extending and maintaining automobile loans.

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Chase Mortgage

What is Chase Mortgage?
Chase Mortgage refers to the division of Chase Bank responsible for extending and maintaining mortgage and home loans.

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ChexSystems

What is ChexSystems?
ChexSystems is a check verification service and credit reporting agency responsible for providing data on how a consumer handles a checking account.

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Christian Community Credit Union (CU) on credit report

What does Christian Community Credit Union (CU) on credit report mean?
When a consumer finds Christian Community Credit Union (CU) on a credit report, it represents any debt owed to the Christian Community Credit Union.

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CIT Bank on credit report

What does CIT Bank on credit report mean?
When a consumer finds CIT Bank on a credit report, it stands for any type of financing extended to the person by CIT Bank.

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CIT Bank/Bill Me Later on credit report

What does CIT Bank/Bill Me Later on credit report mean?
When a consumer finds CIT Bank/Bill Me Later on a credit report, it stands for an outstanding debt often through the Bill Me Later option used by PayPal, 1800Flowers.com and a number of other online retailers.

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Citi

What is Citi?
Citi is the branded form of Citigroup, which is a large financial service company based out of New York City.

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Citibank (South Dakota) N.A.

What is Citibank (South Dakota) N.A.?
Citibank (South Dakota) N.A. is a private banking company established in 1981 and located in Sioux Falls, South Dakota.

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Citibank on credit report

What does Citibank on credit report mean?
When a consumer finds Citibank on a credit report, it represents a debt owed to Citibank, usually a credit card.

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Citicards

What are Citicards?
The term Citicards refers to any credit card issued by Citibank to a consumer or business.

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CitiFinancial on credit report

What does CitiFinancial on credit report mean?
When a consumer finds CitiFinancial on credit report, it means they owe some type of debt to CitiFinancial, usually a credit card.

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CitiMortgage

What is CitiMortgage?
CitiMortgage is the division of CitiGroup that handles all mortgage and home loans.

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Citizens Bank of Pennsylvania on credit report

What does Citizens Bank of Pennsylvania on credit report mean?
When a consumer finds Citizens Bank of Pennsylvania on a credit report, it means they owe a debt of some kind to Citizens Bank of Pennsylvania.

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Citizens Equity First Credit Union on credit report

What does Citizens Equity First Credit Union on credit report mean?
When a consumer finds Citizens Equity First Credit Union on a credit report, it represents a type of financing they have with the company.

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City Bank New Mexico on credit report

What does City Bank New Mexico on credit report mean?
When a consumer finds City Bank New Mexico on a credit report, it means City Bank New Mexico holds a debt of some type for the consumer.

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Civil Judgment

What is a Civil Judgment?
A Civil Judgment is the final judgment in a civil court case and is made at the end of the trial. It can be appealed by either party.

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Claim Amount

What is Claim Amount?
The Claim Amount is the amount awarded during a court trial.

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Closed Account

What is a Closed Account?
A Closed Account is one that either the debtor or the creditor has closed. No further action may be made by either party on this type of an account.

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Closed Date

What is the Closed Date?
The Closed Date represents the date an account was closed.

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Closing Cost

What is Closing Cost?
The Closing Cost is fees paid by either the borrower, lender or seller pay to complete a real estate transaction.

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Closed-End Credit

What is Closed-End Credit?
Closed-End Credit is any extension of credit including all the funds being dispersed in full at the close of the loan. It must be repaid in full, including any finance charges and can be repaid through periodic payments or in one payment at the time of maturity.

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Coastal Federal Credit Union on credit report

What does Coastal Federal Credit Union on credit report mean?
When a consumer finds Coastal Federal Credit Union on a credit report, it represents any debt owed to the Coastal FCU.

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COFI-Indexed ARM

What is COFI-Indexed ARM?
A COFI-Indexed ARM is an adjustable rate mortgage with an interest rate that adjusts according to the COFI.

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Coggin Honda on credit report

What does Coggin Honda on credit report mean?
When a consumer finds Coggin Honda on a credit report, it means they owe a debt, usually for an automobile, to Coggin Honda.

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Coldwell Banker

What is Coldwell Banker?
Coldwell Banker is a large real estate franchise with offices in over 45 countries worldwide.

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Collateral

What is Collateral?
Collateral is the pledge made by the borrower, usually in the form of real property, to a lender to secure repayment of financing.

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Collections

What are Collections?
The term Collections refers to the department or company handling delinquent debts for a bank or financial institution.

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Collections affect on credit

What is Collections affect on credit?
The collections affect on credit is negative and any account sent to collections and reported as such to the credit reporting agencies will negatively affect the credit of the consumer.

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Colonial Bank

What is Colonial Bank?
Colonial Bank was the fifth largest bank in the state of Florida before closing its 346 branches in 2009 due to legal issues. It was the sixth largest bank failure in United States history.

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Co-Maker

What is a Co-Maker?
A Co-Maker or Co-signer is someone that endorses a loan or other type of financing jointly with the primary borrower.

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Combined Loan to Value Ratio

What is the Combined Loan to Value Ratio?
The Combined Loan to Value Ratio is used to determine the risk of a homebuyer whenever multiple loans will be used.

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Comerica Bank

What is Comerica Bank?
Comerica Bank is a banking company specializing in personal and business banking and wealth management.

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Commitment Fee

What is a Commitment Fee?
A Commitment Fee is a fee charged to the borrower by a lender. It is for an unused credit line or undistributed loan. This fee is used as compensation to keep a line of credit open or to guarantee a loan.

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Community America Credit Union on credit report

What does Community America Credit Union on credit report mean?
When a consumer finds Community America Credit Union on a credit report, it represents any debt owed to the Community America Credit Union.

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Compound Interest

What is Compound Interest?
Compound Interest is the interested accrued on the principal and the accumulated interest of the debt. It allows the principal amount to grow faster compared to simple interest.

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Conforming Loan

What is a Conforming Loan?
A Conforming Loan is a loan equal to or less than the amount established as the limit by Fannie Mae and Freddie Mac.

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Consolidation Loan

What is a Consolidation Loan?
A Consolidation Loan is used to combine more than one debt, such as consolidating many student loans into one larger loan with one monthly payment.

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Constant Maturity Treasury (CMT)

What is Constant Maturity Treasury?
The Constant Maturity Treasury or CMT represents the interpolated one-year yield of auctioned treasury bills. This is an option offered to some borrowers of adjustable rate mortgages.

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Consumer Credit Counseling

What is Consumer Credit Counseling?
Consumer Credit Counseling is a service offered to help guide individuals who need financial help. It’s often a precursor to help consumers avoid bankruptcy.

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Consumer Credit File

What is a Consumer Credit File?
A Consumer Credit File is a credit record on an individual including the consumer’s name, address, social security number, credit history, inquiries and other financial data.

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Consumer Protection

What is Consumer Protection?
Consumer Protection is a term referring to the laws set forth to protect consumers and ensure fair competition and honest information in the marketplace.

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Convenience Check

What is a Convenience Check?
A Convenience Check is a pre-printed check linked to a credit card and can be used to make payments through the mail. Usually, an up-front fee is charged to use these checks.

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Conventional Mortgages

What are Conventional Mortgages?
Conventional Mortgages are a type of mortgage with terms and conditions that meet the Freddie Mac and Fannie Mae funding criteria. This represents between 35 and 50% of all mortgages.

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Conventional Real Estate Loan

What is a Conventional Real Estate Loan?
A Conventional Real Estate Loan is the same as a conventional mortgage. It will meet the criteria set forth by Fannie Mae and Freddie Mac.

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Convertible ARM

What is a Convertible ARM?
A Convertible ARM is any type of adjustable rate mortgage with the ability to convert to a fixed-rate loan during a given period.

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Co-signer

What is a Co-signer?
A Co-signer is someone willing to sign on behalf of the primary borrower to help secure repayment of a loan.

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Cost of Savings Index (COSI)

What is the Cost of Savings Index?
The Cost of Savings Index or COSI is a popular index used for ARMs or adjustable rate mortgages.

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Countrywide Mortgage

What is Countrywide Mortgage?
Countrywide Mortgage was an independent mortgage company, but they are now owned by Bank of America.

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Credco IMS

What is Credco IMS?
Credco IMS or CoreLogic Credco is the number one provider of merged credit reports in the United States.

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Credit

What is Credit?
Credit can refer to an agreement in which the borrower receives something, usually money, and agrees to repay a lender at a future date. It can also refer to the borrowing capacity of an individual or business.

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Credit Bureaus

What are Credit Bureaus?
Credit Bureaus are companies responsible for collecting financial information about individuals, which they sell to creditors to help them make decisions about granting financing.

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Credit Capacity

What is Credit Capacity?
Credit Capacity refers to the analysis a bank will do including a review of financial statements, personal finances and other parts of an individual’s financial life.

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Credit Cards

What are Credit Cards?
Credit Cards are plastic cards with magnetic strips issued by banks and businesses giving the authorized holder the ability to purchase goods and services on credit.

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Credit Clean-up

What is Credit Clean-up?
Credit Clean-up is another term referring to credit repair. It’s a process of cleaning up a credit report by eliminating errors and paying off debts.

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Credit Counseling

What is Credit Counseling?
Credit Counseling is a service provided by a company to an individual to help guide the individual towards a better financial future.

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Credit Decisions

What are Credit Decisions?
Credit Decisions are choices made by a lender about granting credit to a borrower.

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Credit Extension

What is a Credit Extension?
Credit Extension is a term for the decision to sell to a consumer on credit.

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Credit File

What is a Credit File?
A Credit File is the detailed history of the money borrowed by an individual and is used to determine the ability of a borrower to pay back a loan.

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Credit Financing

What is Credit Financing?
Credit Financing is the decision to loan money or “sell on credit” to a consumer.

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Credit History

What is Credit History?
Credit History is the full history, usually obtained from credit reporting agencies, including all debts obtained by an individual or business over a period of time.

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Credit Inquiries

What are Credit Inquiries?
Credit Inquiries is a term referring to any company or individual obtaining a copy of an individual’s credit report from any of the credit reporting agencies.

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Credit Item

What is a Credit Item?
Credit Item refers to any listing of a debt or money owed on an individual’s credit report.

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Credit Limit

What is Credit Limit?
Credit Limit is the maximum amount an individual may spend on a credit card or line of credit.

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Credit Obligation

What is Credit Obligation?
A Credit Obligation is an agreement in which the borrower becomes responsible to pay the money borrowed back to the lender.

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Credit One Bank – creditonebnk on credit report

What does Credit One Bank or creditonebnk on credit report mean?
When a consumer finds Credit One Bank or creditonebnk on a credit report, it stands for any debt owed to Credit One Bank.

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Credit Plus

What is Credit Plus?
Credit Plus is a type of special financing extended to those with a credit score above 700.

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Credit Profile

What is a Credit Profile?
A Credit Profile is a summary of the ability for an individual or business to repay a loan. It usually consists of information obtained from a credit report.

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Credit qualifications

What are Credit qualifications?
Credit qualifications are a set of guidelines used by a financial institution to determine the amount and interest rate a borrower will receive on a loan or credit card.

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Credit Repair

What is Credit Repair?
Credit Repair is the process of paying off debts, removing mistakes and obtaining new debts with the goal of improving one’s credit score.

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Credit Report

What is a Credit Report?
A Credit Report is a full history of all financial transactions of an individual reported to the three major credit reporting agencies.

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Credit Report Dispute

What is a Credit Report Dispute?
A Credit Report Dispute is when an individual disputes a specific item they believe contains inaccuracies as reported to the credit reporting agencies.

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Credit Report Guide

What is a Credit Report Guide?
A Credit Report Guide is a tool used to help consumers understand the different items listed on their credit report.

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Credit Report Repair

What is Credit Report Repair?
Credit Report Repair is the process of paying off debts, disputing mistakes and obtaining new, positive financing to increase the credit score of an individual.

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Credit Restoration

What is Credit Restoration?
Credit Restoration is the process of repairing poor credits by paying off delinquent debts and reporting mistakes made on a credit report.

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Credit Score

What is a Credit Score?
A Credit Score is a number representing the creditworthiness of a consumer and is used by lenders to determine the risk of the borrower.

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Credit Scoring System

What is a Credit Scoring System?
The Credit Scoring System is a statistical system used to rate applicants according to various financial characteristics.

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Credit Summary

What is a Credit Summary?
A Credit Summary is the summary of the overall credit report.

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Credit Turndowns

What are Credit Turndowns?
Credit Turndowns are the files of borrowers a lender has denied extending credit to in the form of a loan, credit card or other type of financing.

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Credit Union

What is a Credit Union?
A Credit Union is a nonprofit financial cooperative offering members deposit accounts, loans and other financial services.

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Creditworthiness

What is Creditworthiness?
Creditworthiness is a term used to express the trustworthiness of an individual with money based on their individual credit history.

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CSC- CSC Credit Services

What is CSC or CSC Credit Services?
CSC or CSC Credit Services is the largest consumer reporting agency in the United States that represents Equifax products.

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Current Accounts

What are Current Accounts?
Current Accounts is a term used to express the difference between the nation’s total exports and total imports.

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Current Closed

What does Current Closed mean?
Current Closed is a term used to express an account reported to the credit agencies as closed and not past due at the time of closing.