Chapter 14 - Credit Bureau Abbreviations Flashcards
1
Q
H/C
A
H/C = Credit Limit or the highest amount owed
2
Q
TRMS
A
TRMS = Monthly repayment amount
3
Q
BAL
A
BAL = Balance owing
4
Q
PDA
A
PDA = Past Due Amount
5
Q
RT
A
RT = Type of account and manner of repayment (ORMIC on a scale of 0-9)
