Revised: Creditnet Glossary

Discussion in 'Credit Talk' started by vghost, Oct 11, 2003.

  1. vghost

    vghost Well-Known Member

    Since the definitions got lost in more than 130 posts at INTRO: Creditnet Glossary this is the revised list in alphabetical order.


    • =====================================
      CREDITNET JARGON
      =====================================

      AG - Attorney General

      AU - Authorized User

      BDD - BackDoor Double, rapidly applying for multiple Citibank CC products with the intention of combining their CL's

      BF - Bottom Feeder, a species of collection agency who specializes in buying very old debts

      BK13, CH13 - bankruptcy, Chapter 13

      BK7, CH7 - bankruptcy, Chapter 7

      BT - Balance Transfer

      C&D - Cease & Desist [letter]

      CA - Collection Agency

      CCCS - Consumer Credit Counseling Services

      CCC - Credit Card Company

      CCRR - Consumer Credit Reporting Reform [act] of 1996

      CC - Credit Card

      CL - Credit Limit

      CO - Charge Of

      CRA - Credit Reporting Agency

      CRRR - Certified [mail] Return Reciept Requested

      CSS - Small Claims Court

      DOLA - Date Of Last Activity

      Derog - derogatory tradeline, an item on your credit file that is negative in any way

      EQ - Equifax, CRA

      EX - Experian, CRA

      FCRA - Fair Credit Reporting Act

      FDCPA - Fair Debt Collection Practices Act

      FDC - Fair Debt Collection

      FICO - a black-box credit scoring system used to predict a borrower's future default

      GS - Green Card

      HEA - Higher Education Act

      LOC - Line Of Credit

      OC - Original Creditor

      PFB - planetfeedback.com

      SOL - Statute Of Limitation, statutorily set maximum time periods during which lawsuits can be brought to enforce rights

      SOP - Standard Operating Procedure

      Silent - credit accounts that do not appear on your credit history

      Sock Drawer - credit card purgatory

      TU - Transunion, CRA

      Tradeline - an entry in your credit history

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

      VL - Validation Letter


      =====================================
      NET JARGON
      =====================================

      AFT - About @#$%ing Time

      BTW - By The Way

      IMHO - In My Humble Opinion

      LOL - Laughing Out Loud

      ROFLMAO - Rolling On The Floor Laughing My Ass Off

      ROTFLOL - Rolling On The Floor Laughing Out Loud

      WTF - What The @#$%


      =====================================

      *** For more definitions use the Acronym Server.
     
  2. GEORGE

    GEORGE Well-Known Member

    GS=GREEN CARD???

    CLI=CREDIT LINE INCREASE
     
  3. Butch

    Butch Well-Known Member

    I thought WTF was Who's This Fool.

    lol
     
  4. vghost

    vghost Well-Known Member

    Stupid me ... :)
    • GC - GREEN CARD
     
  5. vghost

    vghost Well-Known Member

    Re: Re: Revised: Creditnet Glossary

    Could be ... :)

    It's also the official abbreviation of World Taekwondo Federation, but I haven't seen anybody using that meaning ...
     
  6. faztcobra

    faztcobra Well-Known Member

    And what about this one???
     

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