Administration Order
Administration Orders are also known as mini-bankruptcies. Under an Administration Order a County Court takes over the administration of the debts of a person or a company while an agreed regular amount is repaid. The individual or company then makes a monthly payment to the Court who distributes the money on a pro-rata basis to their creditors.

Bankruptcy Order
Either the debtor has petitioned the Court that he or she wishes the protection of the Court against creditors, or a creditor, or group of creditors, has issued a Statutory Demand for repayment which has not been paid, and the Court has ordered that the debtor be made bankrupt.

Bankruptcy Order Annulled
If the Court is satisfied that the order should never have been made or if a bankrupt has settled his liabilities in full plus statutory interest, or offered to settle their debts, and this has been accepted by his or her creditors and the court, so he or she is no longer bankrupt.

Bankruptcy Order Discharged
A bankruptcy has ended. This is an automatic process after two or three years (five years in Northern Ireland). There are plans to reduce this period to one year.

Bankruptcy Restriction Order / Bankruptcy Restriction Undertaking
Bankruptcy Restrictions Orders (BROs) and Bankruptcy Restrictions Undertakings (BRUs) were brought about as part of the Enterprise Act 2002 and implemented in April 2004.
If the official receiver considers that the conduct of an individual who has been declared bankrupt is dishonest or blameworthy the court can impose certain restrictions by issuing a Bankruptcy Restrictions Order (BRO). The order will impose restrictions deemed appropriate by a court for a period of between 2 to 15 years.
If the bankrupt individual accepts the official receiver’s allegations they can enter into a Bankruptcy Restrictions Undertaking (BRU) rather than a BRO.

Certificate Of Unenforceability (Northern Ireland)
A stalling mechanism invoked by a creditor, preventing enforcement by another judgment creditor. The creditor must meet with any other creditors and make an arrangement with the debtor. This could still lead to bankruptcy.

County Court Judgment (CCJ)
A CCJ is the successful result of a civil action brought by a creditor, in a county court, against a debtor. The County Court has adjudged that the monies are legally due, enabling the creditor to use various remedies (such as sending in the bailiffs) if so desired.

The CCJ is deemed to be satisfied once it has been paid in full and the Court has issued a Certificate of Satisfaction. See Decree for Scottish equivalent.

CIFAS – The UK’s Fraud Prevention Service
CIFAS is a system for preventing fraud. It allows member organisations to exchange details of applications for products or services because the information provided about the applicant can be shown to be fraudulent. Members can also exchange information about accounts, which are suspected of being fraudulently mis-used, or insurance claims which are suspected of being made fraudulently. This exchange of information is referred to in a notification clause on application forms and agreements. CIFAS does not provide a credit reference database. CIFAS only provides a fraud prevention service.

A DataDNA Number is created and assigned to each individual across Callcredit’s extensive name and address universe. This will be included in credit searches where an individual level match has been achieved to the input data. The unique DataDNA number will allow organisations to use a common currency for accurate matching, reconciliation and identification across multiple databases.

Debt Relief Order
A Debt Relief Order (DRO) is intended to provide debt relief for individuals in England and Wales who have less than £15,000 liabilities, assets under £300 and a disposable income of less than £50 a month. A DRO will lead to debts being discharged after one year, where upon the discharged status and date will be recorded on the DRO. A DRO may be revoked when either the debtor realises that they are ineligible for the DRO and informs the Insolvency Service or something comes to light which indicates that the debtor is not eligible for the DRO. In such circumstances the revoked status and date will be recorded on the DRO.

Debt Relief Restriction Undertaking
A Debt Relief Restriction Undertaking (DRRU) is a restriction placed on the person who is in receipt of a DRO. DRRUs are generally applied when the debtor is deemed to have been dishonest prior to or during their DRO.
Decree. The Scottish equivalent of a County Court Judgment, i.e. the legal acknowledgement in the Sheriff Court that a debt is due and may now be enforced by the creditor who has the benefit of the decree.

Electoral Roll
A database of over 44 million UK citizens who are eligible to vote, collectively called the Electoral Roll. The Electoral Roll is obtained from the local authorities. The Electoral Roll is divided into those individuals who have chosen to opt out and those who have opted in.

Every time a Callcredit client performs a search on an individual consumer in the Callcredit database for any purpose, a footprint is left on the individual’s record so that the consumer may see who has been searching his or her credit file.

A credit score created by Decision Metrics, which uses SHARE and public data to rank order consumers according to their relative credit risk. Partial and Full SHARE scorecards are available. For more information about Gauge, please refer to the Gauge User Guide.

High Court Judgment
A High Court Judgment is issued where a case has been judged by the High Court rather than the County Court. This can occur if a money claim is for more than £25,000 or the case was considered to be particularly complex or important.

Individual Voluntary Arrangement
An IVA is an informal kind of insolvency, where a majority of creditors have accepted an arrangement for the debtor to pay off a proportion of debts outstanding in full and final settlement, under the direction of a Supervisor.

Individual Voluntary Arrangement Completed
The debtor has repaid the promised proportion of debt to his or her creditors and is no longer subject to Supervision.

MODA is a database of credit account Information held by Callcredit which is updated on a more timely basis. Financial institutions in the UK have agreed to share information about each other’s credit agreements via Callcredit’s MODA database. MODA allows member companies to assess recent significant events that will affect your credit file. It will therefore help enable lenders to make more timely and accurate assessments of credit risk, affordability and fraud risk. MODA consists of details relating to credit agreements, payment history, credit roll overs, credit extensions and overdue payments. MODA members submit these details to us on a daily basis.

Notice of Correction
A Notice of Correction includes explanatory text that the individual has added to their credit file for enquirers to read. A NOC may also be applied to a particular data item.

Notice of Dispute
A flag added to a piece of information where the accuracy of that information has been formally disputed by the individual under section 159 of the Consumer Credit Act 1974. Callcredit are currently investigating the accuracy of the information.

Public Information
Data which is in the ‘public domain’ such as the Electoral Register, CCJs, Sequestrations, Decrees, Bankruptcies, Trust Deeds, and Individual Voluntary Arrangements.

A sequestration is the Scottish equivalent of a bankruptcy.

Shared account performance data within a closed User group.

Trust Deeds
A Trust Deed is the Scottish equivalent of an Individual Voluntary Arrangement.