Bkforum Abbreviations

From Bankruptcy Forum

Bankruptcy Forum Abbreviations and Acronyms

AU - Authorized User

BK - Bankruptcy

BK7 - Chapter 7 Bankruptcy

BK13 - Chapter 13 Bankruptcy

BT - Balance Transfer.

BT promo - A BT at a promotional rate.

BTW - By the way

bump - used by someone when they are looking for an answer to the thread, but have not received one yet, and the thread itself is getting pushed back to the second page, where members are less likely to see/read it. Feel free to "bump" your post to the top by replying to your own message and typing /bump/ in the body of your reply.

CA - Collection Agency

CRA's - Credit Reporting Agency

CAP 1 - Capital One

CC - Credit Card.

CCC - Credit Card Company

CCCS - Consumer Credit Counseling Services.

CE score - CreditExpert score.

CRRR - Certified mail, Return Receipt Requested

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

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.

CO - charge off

CRO - Credit Repair Organization

CW - Credit Watch, a monitoring service offered by Equifax

deadbeat - What the ccc calls a customer who pays in full every month

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

DH - Dear Husband

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 - Fair, Isaac Co. 400-850

FAKO -generic credit score, not a true FICO. Not used by lenders.

GC - Green Card from USPS Certified Mail receipt

Goodwill letter - correspondence or letter to get late payments removed, due to some unfortunate event in your life that caused the late payments, from your current and positive tradelines.

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

HELOC - Home Equity Line of Credit

IMHO - In My Humble Opinion

IIB - Included in Bankruptcy

ITS - Intent To Sue

JDB Junk Debt Buyer - Buys debts for pennies on the dollar and attempts collection.

LOC - Line of credit.

LOL - laughing out loud

OC - original creditor

OT - Off Topic

PFB - Planetfeedback.com. A nifty site that will hold your hand through the process of writing an electronically submitted feedback letter to faceless corporations and optionally share them with the general public.

PITA - Pain In the A$$

PG - Privacy Guard. Provider of Online credit reports.

PFD - Pay For Delete. Offer of payment in exchange for removing negatives.

PIF - Pay In Full

R - a lender's Retention department.

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.

TL - Tradeline - An entry in your credit history.

TOY CARD - When a credit card company gives you an 80% lower credit limit, THAN YOUR CURRENT LOWEST CREDIT LIMIT...

TU - Transunion. A CRA.

UDF - Universal Data Form. Its the form that the subscribers (collectors, creditors, etc.) to the CRAs use to update/delete tradelines.

YMMV - Your mileage may vary