BACK

Credit Card Glossary: Terms and Definitions

Re-aging, or re-age

Re-aging is a term that involves unpaid debt. If a consumer makes a payment, no matter how small, or even makes a verbal commitment to pay, on a debt that has exceeded or is approaching the end of the statute of limitations, the debt may be re-aged. Re-aging a debt means the clock starts anew on the statute of limitations, extending the time that a creditor may use the courts to collect that debt. Consumer advocates now advise debtors not to acknowledge old debts or debts they don’t recognize as their own to avoid inadvertently re-aging the debt, and resetting the clock on the statute of limitations. On rare occasions, a consumer might want to re-age a debt. For example, you may negotiate a deal with a lender to re-age a debt in exchange for removing late payment and/or collection activity from your credit record, which would improve your credit score.

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.

cCarbon-paper packetsCard issuerCard-linked loyalty offersCard memberCard member agreementCard-not-present (CNP) transactionsCard-not-present fraudCard-present (CP) transactionsCard-present fraudCard-present transactionsCard readerCardersCardholderCardholder agreementCardingCarding forumsCash advanceCash advance checkCash advance feeCash advance rateCash backCash cardCasherCashingChapter 11 bankruptcyChapter 13 bankruptcyChapter 7 bankruptcyCharge-back periodCharge cardCharge-offCharge-off rateChargebackChip-and-PIN cardsChip and signatureChip cardChip-enabled terminalChoice of lawChurningClaims and defensesClearingCloningClosed-end loanClosed loopCo-branded cardCo-signerCOB fraudCollateralCollectionCollection-proofCombined guaranteeCommercial cardsCommercial credit scoreCommunity propertyConcierge serviceconjoined accountConsumer credit fileConsumer credit reportConsumer Financial Protection BureauContact chip cardContactless chip cardContactless paymentsConvenience checksConvenience feeCorporate credit cardCramdownCredit bureauCredit bureau risk scoreCredit cardCredit Card Accountability, Responsibility and Disclosure Act of 2009Credit CARD Act of 2009Credit card imprinter formCredit card numberCredit counselorCredit freezeCredit historyCredit inquiryCredit life insuranceCredit limitCredit lineCredit mixCredit monitoring serviceCredit mulingCredit obligationCredit ratingCredit Repair Organizations ActCredit reportCredit reporting agency (CRA)Credit scoreCredit unionCredit utilization ratioCreditors meetingCross-collateralizationCryptocurrencyCurrency conversion feeCVV