Page 61 - Book7E

Garnishment: a means of collecting a monetary judgment against a defendant by ordering an individual to pay money directly to the plaintiff; the most common type of garnishment is the process of deducting money from an employee's monetary compensation (including salary) as a result of a court order.
High-Balance or High Credit: The most you have ever owed on an account, e.g. the highest balance you've ever had on a credit card.
Judgment: an obligation (as a debt) created by the decree of a court. Lein: The right to take and hold or sell the property of a debtor as
security or payment for a debt or duty.
Minimum payment: the lowest amount acceptable as payment on a debt.
Open accounts: any account that has not been formally closed by the account owner.
Opening date: the date an account was first activated.
Past due: any payment that has not been paid by the due date;
this is not necessarily classified as “late.”
Personal statements: a personal comment that you have submitted to the credit bureaus for inclusion in your report.
Potential lender: any organization, institution, or individual which has the capacity to loan money.
Public records: information that has been filed or recorded by public agencies, such as corporate and property records; records created by the federal and local government, (vital records, immigra- tion records, real estate records, driving records, criminal records, etc.); or records created by the individual (magazine subscriptions, voter registration, etc.). Most essential public records are maintained by the government and many are accessible to the public either free-of-charge or for an administrative fee.
Glossary 53