Acronyms
AG Attorney General
AGI Adjusted Gross Income
APR Annual Percentage Rate
ARB Arbitration
ARM Adjustable Rate Mortgage
APS or 2PS All Parties State (for the recording of telephone calls)
AU Authorized User (on a CC)
BBB Better Business Bureau
BK Bankruptcy
BK7 Chapter 7 Bankruptcy
BK13 Chapter 13 Bankruptcy
BT Balance Transfer
CA Collection Agency
C & D Cease & Desist
CB Credit Bureau (also see CRA)
CC Credit Card
CL Credit Limit
CLI Credit Limit Increase
CMRRR Certified Mail Return Receipt Requested
CO Charge Off
CR Credit Report
CRA Credit Reporting Agency
DJ Default Judgment
DMP Debt Management Program
DOFD Date of First Delinquency (not to be confused with DOLA)
DOLA Date of Last Activity
DTI Debt To Income Ratio
DV Debt Validation
EBITIDA Earnings Before Interest, Taxes, Depreciation, and Amortization
ECOA Equal Credit Opportunity Act
EX Experian
FA Fraud Alert
FAKO Scores that aren’t FICO, marketed by CRA’s and 3rd parties
FCBA Fair Credit Billing Act
FCRA Fair Credit Reporting Act
FDCPA Fair Debt Collection Practice Act
FICO Fair Isaac & Company’s scoring formula (ie: your credit score)
GC Green Card, signature card that is returned to sender (CMRRR)
HELOC Home Equity Line Of Credit
IIB Included in Bankruptcy
JDB Junk Debt Buyer
MOV Method of Verification (same as a PR)
OC Original Creditor
OP Original Poster
PFD Payment For Deletion
PP Permissible Purpose
SoL Statute of Limitations
SOL Settlement Offer Letter
SAL Settlement Approval Letter
TILA Truth In Lending Act
TU TransUnion
UCC Uniform Commercial Code
WO Write off (similar to charge off but usually means OC has sold debt to JDB)