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. zombie-like trance which happens when you can not turn away while watching one of the recent train wreck reality shows. What's wro..
1. Guernsey term for someone who is the butt of everyone's jokes. Idiot: Chesney's coming over in 3 days, what a comedy bell-end..
1. IBTG is a phrase used on the Vanguard: Saga of Heroes forums standing for "in before the Glip", usually meaning that the threa..