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Acronyms/Terms used in Credit


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b = bumpage

AG = Attorney General

ARM = Adjustable Rate Mortgage

AR = Account Review (soft pulls by creditors)

AU = Authorized User

BBB = Better Business Bureau

Beacon Score = See FICO.

BK = Bankruptcy

BK13 = Chapter 13 Bankruptcy

BK7 = Chapter 7 Bankruptcy

BT = Balance Transfer

BT promo = A BT at a promotional rate.

bumpage = pushing hard inquiries off your reports via daily credit pulls

C&D = Cease and Desist (stop collections)

C&D Full/Blanket = Notice to CA not to contact you in ANY way. You should only use if SOL is out.

C&D Limited = Notice to CA to only contact you by mail.

CA = Collection Agency

CAP 1 = Capital One

CB = Credit Bureau

CBR = Credit Bureau Report

CC = Credit Card

CCC = Credit Card Company

CCCS = Consumer Credit Counseling Services

CE Score = CreditExpert score.

Ch = Chapter

Choppage = A CRA may delete inquires before you get to the bumpage point.

Citi Backdoor Double = Rapidly applying for multiple Citibank CC products with the intention of combining their CL's. No longer effective?

CK = Credit Keeper

CL = Credit Limit

CLOAKING/SUPPRESSED = The CRA won't "EVER" let the information be put back on your report by the credit card or loan company or the collection agency.

CLOD = Creditnet Laborday Onslaught of Disputes

CM = Certified Mail

CMRRR = Certified Mail Return Receipt Requested

Compliance Date = See FCRA Compliance Date.

CO = Charge off OR Collections

CR = Credit Report

CRA = Credit Reporting Agency

CRRR = Certified mail, Return Receipt Requested

CS = CreditSecure (Experian's (via AMEX) 3-in-1 report)

CU = Credit Union

CW = Credit Whore

CW = Credit Watch

DC = Debt Collector

DDA = Direct Deposit Account

Derog = Derogatory tradeline = an item on your credit file that is negative in any way.

DF = Data Furnisher (also FOI)

DH = Debtors Husband (also Dear Husband)

DMP = Debt Management Plan

DOI = Department of Insurance

DOFD= Date of First Delinquency

DOLA = Date of Last Activity

DTI = Debt to Income

DV = Debt Validation (what you want CA or OC to do) and Debt Verification (what CRA does--or so they say)

DW = Debtors Wife (also Dear Wife)

EFT = Electronic Funds Transfer

E-Oscar = Electronic program data furnishers use to communicate with CRA's

EQ = Equifax

EQ CWG = Equifax Credit Watch Gold

EX = Experian

Experica = Similar to FICO, as reported by Trans Union.

FACTA= Fair and Accurate Credit Transaction Act. Revisions to FCRA

Fair Isaac = Similar to FICO, as reported by Experian.

FAKO = Fake credit score, ie, any other than the FICO

FCBA = Fair Credit Billing Act

FCRA = Fair Credit Reporting Act

FCRA Compliance Date = Often called "DOFD", the date the reporting SOL is based off of (See DOFD).

FDCPA = Fair Debt Collection Practices Act

FHA = Federal Housing Administration

FICO = Fair Isaac Company, the company that created the mathematical formula used to score credit worthiness of consumers

FICO = Fair Isaac score

FIFO = First In, First Out. Usually refers to how your letters are answered.

FOAD letter = F*CK off and Die letter. A full C&D that isn't so nice.

FOI = Furnisher of Information

Freddie Mac = Federal Home Loan Mortgage Corporation (FHLM)

F/R = Financial Review. Creditor locking your account down until you provide further financial info to support your CLs (common AMEX term).

FRCP = Federal Rules of Civil Procedure

FTC = Federal Trade Commission.

FWIW = For what it's worth

GC = Green Card from Certified Mail

Goodwill adjustment = Adjustment made to your credit report in response to your Goodwill letter.

GW = Goodwill letter

Hard Inquiry = Inquiry visible to others and counted in your credit score.

HELOC = Home Equity Line of Credit

HIPAA = Health Insurance Portability & Accountability Act of 1996,Public Law 104-191

IIB = Included In Bankruptcy

IIRC = If I recall correctly

Inq = Inquiry

ITS = Intent To Sue

JDB = Junk Debt Buyer

L/N = Lexis/Nexis (Another sneaky CRA-type)

LOC = Line of credit

MCK = My Credit Keeper

OC = Original creditor

OP = Original Post or Poster

PFB = PlanetFeedback.com

PFD = Pay for Deletion

PG = PrivacyGuard.com

PIF = Paid In Full

PMI = Private Mortgage Insurance

PP = Permissible Purpose (to pull your credit report)

PR = Procedural Request--request how CRA verified

RCP= Rules of Civil Procedure

RE = Restrictive Endorsement (contractual check)

RR = Return Reciept

RRR = Return Reciept Requested

SASE = Self-Addressed Stamped Envelope

SIF = Settled In Full

SOL = Statute of limitations

TILA = Truth in Lending Act

TL = Tradeline

TU = TransUnion

UCC = Uniformed Commercial Code

UDF = Universal Data Form

YMMV = Your Mileage May Vary

 

 

 

Feel free to add more..........

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b = bumpage

AG = Attorney General

ARM = Adjustable Rate Mortgage

AR = Account Review (soft pulls by creditors)

AU = Authorized User

BBB = Better Business Bureau

Beacon Score = See FICO.

BK = Bankruptcy

BK13 = Chapter 13 Bankruptcy

BK7 = Chapter 7 Bankruptcy

BT = Balance Transfer

BT promo = A BT at a promotional rate.

bumpage = pushing hard inquiries off your reports via daily credit pulls

C&D = Cease and Desist (stop collections)

C&D Full/Blanket = Notice to CA not to contact you in ANY way. You should only use if SOL is out.

C&D Limited = Notice to CA to only contact you by mail.

CA = Collection Agency

CAP 1 = Capital One

CB = Credit Bureau

CBR = Credit Bureau Report

CC = Credit Card

CCC = Credit Card Company

CCCS = Consumer Credit Counseling Services

CE Score = CreditExpert score.

Ch = Chapter

Choppage = A CRA may delete inquires before you get to the bumpage point.

Citi Backdoor Double = Rapidly applying for multiple Citibank CC products with the intention of combining their CL's. No longer effective?

CK = Credit Keeper

CL = Credit Limit

CLOAKING/SUPPRESSED = The CRA won't "EVER" let the information be put back on your report by the credit card or loan company or the collection agency.

CLOD = Creditnet Laborday Onslaught of Disputes

CM = Certified Mail

CMRRR = Certified Mail Return Receipt Requested

Compliance Date = See FCRA Compliance Date.

CO = Charge off OR Collections

CR = Credit Report

CRA = Credit Reporting Agency

CRRR = Certified mail, Return Receipt Requested

CS = CreditSecure (Experian's (via AMEX) 3-in-1 report)

CU = Credit Union

CW = Credit Whore

CW = Credit Watch

DC = Debt Collector

DDA = Direct Deposit Account

Derog = Derogatory tradeline = an item on your credit file that is negative in any way.

DF = Data Furnisher (also FOI)

DH = Debtors Husband (also Dear Husband)

DMP = Debt Management Plan

DOI = Department of Insurance

DOFD= Date of First Delinquency

DOLA = Date of Last Activity

DTI = Debt to Income

DV = Debt Validation (what you want CA or OC to do) and Debt Verification (what CRA does--or so they say)

DW = Debtors Wife (also Dear Wife)

EFT = Electronic Funds Transfer

E-Oscar = Electronic program data furnishers use to communicate with CRA's

EQ = Equifax

EQ CWG = Equifax Credit Watch Gold

EX = Experian

Experica = Similar to FICO, as reported by Trans Union.

FACTA= Fair and Accurate Credit Transaction Act. Revisions to FCRA

Fair Isaac = Similar to FICO, as reported by Experian.

FAKO = Fake credit score, ie, any other than the FICO

FCBA = Fair Credit Billing Act

FCRA = Fair Credit Reporting Act

FCRA Compliance Date = Often called "DOFD", the date the reporting SOL is based off of (See DOFD).

FDCPA = Fair Debt Collection Practices Act

FHA = Federal Housing Administration

FICO = Fair Isaac Company, the company that created the mathematical formula used to score credit worthiness of consumers

FICO = Fair Isaac score

FIFO = First In, First Out. Usually refers to how your letters are answered.

FOAD letter = F*CK off and Die letter. A full C&D that isn't so nice.

FOI = Furnisher of Information

Freddie Mac = Federal Home Loan Mortgage Corporation (FHLM)

F/R = Financial Review. Creditor locking your account down until you provide further financial info to support your CLs (common AMEX term).

FRCP = Federal Rules of Civil Procedure

FTC = Federal Trade Commission.

FWIW = For what it's worth

GC = Green Card from Certified Mail

Goodwill adjustment = Adjustment made to your credit report in response to your Goodwill letter.

GW = Goodwill letter

Hard Inquiry = Inquiry visible to others and counted in your credit score.

HELOC = Home Equity Line of Credit

HIPAA = Health Insurance Portability & Accountability Act of 1996,Public Law 104-191

IIB = Included In Bankruptcy

IIRC = If I recall correctly

Inq = Inquiry

ITS = Intent To Sue

JDB = Junk Debt Buyer

L/N = Lexis/Nexis (Another sneaky CRA-type)

LOC = Line of credit

MCK = My Credit Keeper

OC = Original creditor

OP = Original Post or Poster

PFB = PlanetFeedback.com

PFD = Pay for Deletion

PG = PrivacyGuard.com

PIF = Paid In Full

PMI = Private Mortgage Insurance

PP = Permissible Purpose (to pull your credit report)

PR = Procedural Request--request how CRA verified

RCP= Rules of Civil Procedure

RE = Restrictive Endorsement (contractual check)

RR = Return Reciept

RRR = Return Reciept Requested

SASE = Self-Addressed Stamped Envelope

SIF = Settled In Full

SOL = Statute of limitations

TILA = Truth in Lending Act

TL = Tradeline

TU = TransUnion

UCC = Uniformed Commercial Code

UDF = Universal Data Form

YMMV = Your Mileage May Vary

 

 

 

Feel free to add more..........

Wow, search could have saved you a lot of keystrokes. ;)

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