Frequent Contributor
Posts: 258
Registered: ‎06-10-2012
Re: account description, what does Chattel mean?

A chattel is a piece of property other than real estate.  If you're seeing it in the context of credit, it's probably related to a loan on some piece of personal property (like a car, furniture, electronics, etc.).

Starting Score: 617 (EQ 6/10/12)
Current Score (8/28/13): EQ: 691 EX: 706 TU: 700
Goal Score: 700

Discover it $4,500 (02/2001); Amex PRG (Backdated to 01/2006); Amex ZYNC (Backdated to 07/2006); Wells Fargo Cash Back Visa $5,500 (12/2011); Citi Diamond Preferred MC $2,000 (07/2012); B of A Cash Rewards Visa Signature $5,000 (02/2013)