Glossary

Search Logistics

The details about the manner in which a search was performed-e.g., the date the search was completed; the jurisdiction it…

Secured Credit

Loan for which some form of acceptable collateral, such as a house or automobile has been pledged.

Security

Real or personal property that a borrower pledges for the term of a loan. Should the borrower fail to repay,…

Security Alert

Statement that is added once Experian is notified that a consumer may be a victim of fraud. It remains on…

Sedition

Advocating the overthrow or reform of a government by unlawful means.

Service Credit

Agreements with service providers. You receive goods, such as electricity, and services, such as apartment rental and health club memberships,…

Settle

Reach an agreement with a lender to repay only part of the original debt.

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