- Centurion Member
- Posts: 630
- Joined: Thu May 10, 2012 10:10 pm
- Location: North Los Angeles County
I would add some more
YMMV- Your Mileage May Vary (basically what CC Deville, wrote, I'm quoting him.) It means what may work for me may not work for you and what may work for you may not work for me.
AFAIK- As far as I know
BT- Balance Transfer
AG- Attorney General
Baddie- You really don't want this on your credit reports..
BBB- Better Business Bureau
CA- Collection Agency. They will come after you like a shark looking for food. Not people you really want to talk to or meet
CO- Charge Off. Tells creditors that you didn't pay up and in turn they put a black mark on your CR's, so as to make it difficult to get more credit. Can lower score considerably.
CRO- Credit Repair Organization.
DH- Dear Husband
DOLA- Date of Last Activity.
DTI- Debt To Income.
DW- Dear Wife
FA- Fraud Alert.
Fako- Fake Credit score, if you want the actual one, they give it to you if you apply for a card or you can check out myfico and see what your EQ and TU scores are.
FCRA- Fair Credit Report Act
FI- Fair Issac. The company that owns the formula that most creditors use when making decisions to grant credit or not.
FTC- Federal Trade Commission
FR- Financial Review. Amex is known for doing this and if you don't comply, say goodbye to Amex membership until you decide to let them see your tax transcripts. Known for shutting down accounts until they are unfreezed.
FWIW- For What It's Worth
GW- Good Will. Common acronym for those who are/were rebuilding and trying to make things right with their creditors.
HELOC- Home Equity Line Of Credit
HIPAA -Health Insurance Portability and Accountability Act
HP- Hard Pull. Inquiry. Like 99 said, it is a crime on Myfico to have so many of these. But as long as you dont ask for too much credit in a short time span you should be okay. After a year the effect is less on getting approved and they are generally wiped away from the CR's after 2 years.
IIB- Included in Bankruptcy
IIRC- If I Recall Correctly
IME- In My Experience.
IMHO- In My Humble Opinion
IMO- In My Opinion
ITS- Intend To Sue
LOC- Line Of Credit
OC- Original Creditor Or Collector
PC- Product Change
PIF- Pay In Full (try to do this as much as you can so you wont have too much debt.)
PR- Public Record
TL- Trade Line. An Entry in your credit history
WO- Write Off.
I'm sure I missed a few but that is all I could remember and post.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.