Glossary Of Credit Acronyms

De-mystify Your Credit Report

We tried to come up with some software that we could load into a decoder ring but we failed. Here’s an old fashion list of terms you will find on your credit report and possibly on correspondence with collection agencies or creditors. You may want to print it out and have it handy when tackling your credit report.  

·         AA Adverse Action. Account closure, interest rate increase or Credit limit decrease from a credit issuer.  

·         A.G. - State Attorney General  

·         AU - Authorized User  

·         BK7 - Chapter 7 Bankruptcy  

·         BK13 - Chapter 13 Bankruptcy  

·         Blanket C & D - Notice not to contact in ANY way. You should only use if SOL is out.  

·         BT - Balance Transfer.  

·         C & D - Cease & Desist  

·         CA - Collection Agency  

·         CAP 1 - Capital One  

·         CC - Credit Card.  

·         CCC - Credit Card Company  

·         CCCS - Consumer Credit Counseling Services  

·         .  

·         Ch - Chapter  

·         Choppage - A Credit Reporting Agency will stop �chop� your inquiries before they reach the required  

·         �bumpage� number to delete hard inquiries.  

·         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  

·         CR - Credit Report  

·         CRA's - Credit Reporting Agency