Credit Card Glossary: Terms and Definitions
A person is considered collection-proof if he or she has so few assets that creditors have little hope of collecting anything. While a creditor has the right to sue and seek a judgment against any debtor, in reality, most will not bother to pursue the case if the debtor is collection-proof. Also known as judgment-proof.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.