Credit Acronyms -

Credit Acronyms

There are so many credit acronyms in the credit field and not understanding them can make some educational material look like gibberish…

From time to time I use a few of these crazy acronyms so I wanted to create this list and provide it on here so you can all benefit.

Let me know if you have questions or suggestions for more of these to add.  If you want definitions of these acronyms go to my Credit Glossary.

Here are your Crazy Credit Acronyms

Acronyms In The Credit Field

AG Attorney General
ARM Adjustable Rate Mortgage
AR Account Review
AU Authorized User
*B “Bumpage” (taking your inquiries off by pulling your credit daily)
BK Bankruptcy
BK13 Chapter 13 Bankruptcy
BK7 Chapter 7 Bankruptcy
BT Balance Transfer
C&D Cease and Desist (stop collector contact)
CA Collection Agency
CB Credit Bureau
CBR Credit Bureau Report
CC Credit Card
CCCS Consumer Credit Counseling Services
CL Credit Limit
CM Certified Mail
CMRRR Certified Mail Return Receipt Requested
CO “Charge off” or “Collections”
CR Credit Report
CRA Credit Reporting Agency
CRO Credit Repair Organization
CRRR Certified mail, Return Receipt Requested
CU Credit Union
CW Credit Watch
DC Debt Collector
DDA Direct Deposit Account
Derog It is a derogatory account that shows a negative listing
DF Data Furnisher
DOFD Date of First Delinquency
DOLA Date of Last Activity
DTI Debt to Income
DV Debt Validation
EFT Electronic Funds Transfer
e-OSCAR Program “credit bureaus” use to communicate with furnishers
EQ Equifax®
EXP Experian®
FACTA Fair and Accurate Credit Transaction Act
FAKO Fake credit score that is any other calculated score besides the one from FICO®
FCBA Fair Credit Billing Act
FCRA Fair Credit Reporting Act
FDCPA Fair Debt Collection Practices Act
FHA Federal Housing Administration
FICO® Fair Isaac Company. Also generalizes the reference of credit scores
FOI Furnisher of Information
Freddie Mac Federal Home Loan Mortgage Corporation
FRCP Federal Rules of Civil Procedure
FTC Federal Trade Commission.
GC Green Card from Certified Mail
GWL Goodwill letter
HELOC Home Equity Line of Credit
HIPAA Health Insurance Portability & Accountability Act of 1996
HWA Hard Working American(s)!!!
IIB Included In Bankruptcy
Inq Inquiry
ITS Intent To Sue
L/N LexisNexis
LOC Line of credit
OC Original creditor
PFD Pay for Deletion
PIF Paid In Full
PMI Private Mortgage Insurance
PP Permissible Purpose
PR Procedural Request–request how “credit bureau” supposedly “verified”
RE Restrictive Endorsement (contractual check)
RR Return Receipt
RRR Return Receipt Requested
SASE Self-Addressed Stamped Envelope
SIF Settled In Full
SOL Statute of limitations
TILA Truth in Lending Act
TL Trade line
TU TransUnion®
UCC Uniformed Commercial Code
UDF Universal Data Form

How is that for a huge collection of Credit Acronyms?!?!

So as you can see it can be very confusing having all these credit acronyms. Do let all of these credit acronyms intimidate you!

Remember you can always come back here and study these credit acronyms!

Hope this helps get you on the path of financial freedom by raising your credit scores!


About the Author

Jeremy Maher dealt with harassing collector calls, debts piling up and damaged credit for years. He improved his situation and started helping others.   That leads us to today, where Jeremy has DIY solutions for stopping collection harassment, eliminating debt and improving your credit scores. His clients can improve their situation within the comfort of their own home.

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