Glossary of Credit Related Terms

Negative Amortization

Repayment schedule calling for periodic payments that are insufficient to fully amortize the loan. Earned but unpaid interest is added to the principal, increasing the debt. Eventually, payments must be rescheduled to fully pay off the debt.

Notice Of Results

If you’ve requested an investigation of information on your credit report, you're entitled to receive a Notice of Results if your information was updated or deleted. You can request that the credit bureau send the corrected information to credit grantors and employers who reviewed your information within a specific period of time.