Credit Building and Management focuses on the behavioural side of a healthy credit profile. It explains the terms readers see when they try to improve, protect, or stabilize how their accounts are reported over time.
This section is useful when the question is not just what a term means, but what habit or account pattern the term is pointing to.
Start Here
In this section
- Credit Utilization
Credit utilization is the share of available revolving credit that is currently being used.
- On-Time Payment
An on-time payment is a required payment made by the due date under the credit agreement.
- Payment Due Date
A payment due date is the deadline by which the required payment must reach the lender or issuer.
- Late Payment
A late payment is a required payment that was not made by the due date.
- Automatic Payment
Automatic payment is a scheduled transfer or debit set up to make required credit payments without manual action each cycle.
- Limit Increase
A limit increase is a change that raises the approved borrowing ceiling on a revolving account.
- Rent Reporting
Rent reporting means eligible rental-payment information is sent to a credit-reporting system and may affect the borrower's file.