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Terms and acronyms
A.G. - State Attorney General
AU - Authorized User
BK7 - Chapter 7 Bankruptcy
BK13 - Chapter 13 Bankruptcy
BT- Balance Transfer.
BT- promo A BT at a promotional rate.
BTW- By the way
CA- Collection Agency
CRA's- Credit Reporting Agency
CC- Credit Card.
CCC- Credit Card Company
CCCS- Consumer Credit Counseling Services.
CRRR- Certified mail, Return Receipt Requested
CL- Credit limit.
CO- charge off
CRO- Credit Repair Organization
derog Derogatory tradeline- an item on your credit file that is negative in any way.
DH- Dear Husband
DCU- Digital Federal Credit union
DOLA- Date of Last activity
DV- Debt Validation.
EQ Equifax. Another CRA.
EXP (or EX)- Experian. Another CRA.
FCRA- Fair credit Reporting Act
FDCPA- Fair Debt Collection Practices Act
FICO score- Fair Isaac. Also known as....
FAKO- generic credit score, not a true FICO. Not used by lenders.
Hard Inquiry- Inquiry visible to others and counted in your credit score.
IMHO- In My Humble Opinion
IIB- Included in Bankruptcy
JDB- Junk Debt Buyer Buys debts for pennies on the dollar and attmepts collection.
LOC- Line of credit.
LOL- laughing out loud
OC- original creditor
O- T Off Topic
PITA- Pain In the ASS
PG- Privacy Guard Provider of Online credit reports.
PFD- Pay For Delete. Offer of payment in exchange for removing negatives.
PIF- Pay In Full
PP- Permissible Purpose
ROFLMAO!- (rolling on the floor laughing my ass off)
Soft Inquiry- inquiry not seen by others and not counted in your score
SOL- Statute of Limitation: statutorily set maximum time periods during which lawsuits can be brought to enforce rights. After the time period set out in the applicable statute of limitations has run (expired), no legal action can be brought.
Tradeline- An entry in your credit history.
TU- Transunion A CRA.
Last edited by Qtip; 06-28-2007 at 09:36 PM.
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