Why was my Net 30 terms credit line cancelled? Your Net 30 terms account may have been cancelled due to non-payment or a decision by our accounts receivable insurance carrier. Updated on May 17, 2018 Was this article helpful? Yes No Related Articles Why was my Net 30 terms credit line modified? Why was my Net 30 terms application declined? Why is my Net 30 terms payment option locked? Who can apply for a Net 30 terms account? When are Net 30 terms payments due? What does “Net Terms Balance Exceeded” mean?