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Credit Obligation

Definition of 'Credit Obligation'

The person who is liable – usually the person who applied for the credit – the ‘principal debtor’ or someone who guaranteed the credit facility – the ‘guarantor’. When a credit reference agency does not specify the Credit Obligation, this is shown on your Credit Report as ‘Not Returned’ and means that you are deemed to be the principal debtor.

Use the links below to locate the term you are looking for. If you can't locate it, please get in touch.

Credit Jargon Starting 'G'

Credit Jargon Starting 'I'

Credit Jargon Starting 'J'

Credit Jargon Starting 'L'

Credit Jargon Starting 'M'

Credit Jargon Starting 'S'

Credit Jargon Starting 'T'

Credit Jargon Starting 'V'

Credit Jargon Starting 'W'

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