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Question By
bnessenvy

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Looking for clarification on "Term"
When viewing the details of a particular account, I see the word "Term." While clicking on the "i" icon does offer some help, I need further assistance.
If I see this field filled in with, say, 200 months, is that "Term" permanent? For example, could the creditor change the "term"? Along the same lines, is the 200 months (in this example) from the original date of the account, or from the current day?

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The term, "term"

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The term you are speaking about is the number of months for the whole loan from start to finish.  However if the term on your report says 200 months, then there probably is a typo reported to your credit report, and the creditor may correct this later or you can dispute it for a change.  However the lender can ONLY report true and accurate information to so they cannot change it later if it is correct, they can only remove the account if they are somehow persuaded enough to do so.

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For a correct response I need more details. Thanks!

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