Adverse Action

What is Adverse Action?


1.

Any negative act taken by a creditor, usually in response to a change in personal credit.

Lowering of Credit Limits, Interest Rate Inreases, Freezing or Closing of Accounts are all Adverse Action.

See interest, credit


75

Random Words:

1. When u really mean somethin Forreal forreal, I heard she got shot..
1. In Igbo (a language spoken by the Ibo people in Nigeria), the name "Uchenna" translates to mean "God's thoughts"..
1. A conjunction of the terms iPod and prod. Describes the Apple iPod models (iPhone, iPod Touch, etc) that you control using finger gestur..