Adverse Action

What is Adverse Action?

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

'stanger

1. The upper crust of performance cars, ie, those that can defeat a 'Stang in a race. I saw a 'Vette up ahead of my 'Stang,..

Unpaid Debt

1. A phenomenal punk band from Sydney - Australia, that everyone needs to know about. Unpaid Debt and their amazing songs make me wet; fre..

Burnback

1. The ill-effects one has after eating very hot or spicy food; food blowback which burns. Dude, I had such burnback after that curry I ha..

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Adverse Action Edit Meaning