Credit Card Glossary: Terms and Definitions
When you check your credit score or are denied a line of credit, you’re given reason codes that explain why your score isn’t higher or why you weren’t approved. The term “worst status” is often used in reason code summaries to indicate the worst state that one of your accounts has been in. For instance, if you missed a credit card payment by 30 days or more, a reason code might say “Delinquent/derogatory item is worst status on revolving accounts.”
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.