13 Acronyms All Credit Repair Business Owners Should Know

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1. C&D, or Cease and Desist
To stop (doing something) immediately.

2. CC, or Credit Card
A card that identifies a person as entitled to have food, merchandise, and services billed on a charge account. (

3. CR, or Credit Report
A detailed breakdown of an individual’s credit history prepared by a credit bureau. (

4. CRA, or Credit Report Agency
A company that catalogs and sells information regarding the payment behavior of consumers. A CRA issues credit reports. (Source)

5. CROA, or Credit Repair Organizations Act
The act prohibits untrue or misleading representations and requires certain affirmative disclosures in the offering or sale of “credit repair” services. (

6. Derog, or Derogatory Mark
A derogatory mark is a negative, long-lasting indication on a credit report that generally means a consumer did not pay back a loan as agreed. (

7. FBCA, or Fair Credit Billing Act
The FCBA protects the consumer against inaccurate and unfair credit billing and credit card practices. (

8. FCRA, or Fair Credit Reporting Act
A federal law that regulates the collection of consumers’ credit information and access to their credit reports. (

9. FDCPA, or Fair Debt Collection Practices
The FDCPA makes it illegal for debt collectors to use abusive, unfair, or deceptive practices when they collect debts.

10. FICO, or Fair Isaac Company
A company that provides analytics software and tools such as manage risk, fight fraud, build more profitable customer relationships. (Source)

11. FTC, or Federal Trade Commission
Works to prevent fraudulent, deceptive, and unfair business practices in the marketplace. (Source)

12. POR, or Proof of Residence
A document confirming where a person lives, which must include full name and address printed on it.  (Source)

13. SS, or Social Security
In the United States, a federal insurance scheme providing benefits for pensioners and those who are unemployed or disabled. (Source)

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