Know the terminology used in the debt industry in USA.

Debt Glossary

ACH (Automatic Clearing House)
Anticipatory Relief
Arbitration
Accounts Receivable Conversion (ARC)
Affirmative Defense

Back Office Conversion (BOC)
Charge-Off
Consumer Report (Also known as a Credit Report)
Consumer Reporting Agency (CRA)
Credit Report (Also known as a Consumer Report)

Data Furnisher
Debt Collector
Debt Validation
Default Judgment
Discharged/Dischargeable
Dishonored Checks
Disposable Income
Doctrine of Necessaries
Dumpster Diving

Electronic Fund Transfer (EFT)
Electronic Fund Transfer Act (EFTA)
Equifax
Experian

Fair Credit Reporting Act (FCRA)
Fair Debt Collection Practices Act (FDCPA)
Fair Debt Collection Practices Act (FDCPA)
Federal Reserve System
Federal Trade Commission (FTC)

Garnishment (Wage Garnishment)

Internet-Initiated Entry (WEB)
Itemization

Judgment Proof
JumpStart Coalition for Personal Financial Literacy

Legal Action
Letter of Reconciliations

Mini-Miranda

Necessaries of Life
Non-Performing Debts

Obligor
Office of the Comptroller of the Currency (OCC)

Plaintiff
Phishing
Point-of-Purchase (POP)

Servicemembers Civil Relief Act (SCRA)
Skimming
Skiptracing
Statute of Limitations
Surcharge

Telephone-Initiated Entry (TEL)
Tolling Statute
Tort
Trade Line
TransUnion

Uniform Commercial Code (UCC)

Validation Notice
Validation Period

Wage Garnishment