Terms Starting with T

Terms: This indicates the debt repayment terms with your creditors. Such as 60 months, 5 years etc.

Third Party Collectors: These are collectors who are under contract to collect debts on the behalf of the original creditors, credit department. They can be called as collection agencies as well.

Tradeline: This is the entry made by the credit grantor which is recorded by the credit reporting agencies.

Transaction date: This is the date when any amount has been used from the credit card for a purchase or cash has been withdrawn.

Transaction Fee: This is the fee levied when a transaction happens.