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Serious Credit Infringement

Definition of 'Serious Credit Infringement'

A Serious Credit Infringement is an adverse record on a credit report saying that an individual has done something which a reasonable person would consider indicates an intention to no longer comply with that individual's obligations in relation to consumer credit provided by a credit provider. Before being able to record a Serious Credit Infringement, the credit provider must have taken reasonable steps to contact the individual about the act without success and at least 6 months must have passed since the credit provider last had contact with the individual.

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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