Potentially Negative Items definition
Potentially Negative Items. Any credit item or public record having a negative impact on the creditworthiness of an individual. Posting: Entering financial transactions like sales, cash advances, payments, credit, charges, etc. in the account. The date on which a transaction is recorded in the account is called the 'posting date'. Pre-approval: Refers to the act of committing a loan after checking and reviewing the credit report of a borrower. It also refers to the offer of credit made to a potential borrower, whom the lender considers to be worthy, on the basis of his or her credit bureau report.