Accelerated Payment
A Scheduled payment, plus an additional monthly payment. Leads to quicker payoff of debt and less interest paid over the life of the loan.

Account Condition
Each account on your Credit Bureaus credit report has a "account condition." It indicates the present state of the account (current, past due, etc.) but does not indicate the payment history of the account.

Account Monitoring
Once the lenders make a "Yes" decision, they might review your credit report on a regular basis as they continue to manage their financial risk. This monitoring, is called account review, scans credit reports for certain risk characteristics as defined by the lender. Federal law specifically permits lenders to monitor their accounts. When you signed your credit application, you gave the lender permission to access your credit report from time to time.

Accounts in good standing
List credit items that are positive and should help your creditworthiness. Account information includes the creditor's name and address, your account, the status (current, paid, closed, etc.), type and terms of the account and additional information as reported by your creditors. Sometimes a creditor may not report information and in these cases your accounts may not be listed. This page will continue on with a long list of definitions. It may need to be broken up by alphabet or 1-20. See separate page