What is AA?

[techygal]

I have read on this forum regarding prolonged high credit card utilization and AA?   Pardon my ignorance but what is AA?

[Anonymous]

Adverse Action.

[Anonymous]

just learned something new... 

good questin .. i didnt know either.

[Anonymous]

AA = Adverse Action

I believe it includes actions like closing accounts and credit line decreases. There might be more to it If so someone will be along shortly to elaborate or correct me

[techygal]

Very good.  Makes perfect sense.  I just couldn't for the life of me figure out what the two words could be!

Thanks for enlightening me :-)

[Anonymous]

Here is a guide to common abbreviations used on this site.  While it doesn't include them all its a good start.

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

[Anonymous]

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@Anonymous wrote:
AA = Adverse Action

I believe it includes actions like closing accounts and credit line decreases. There might be more to it If so someone will be along shortly to elaborate or correct me

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That sums it up.    Strictly it would also include things like switching to a penalty APR rate (for late payments or whatever) but people here don't seem to count that.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
AA = Adverse Action

I believe it includes actions like closing accounts and credit line decreases. There might be more to it If so someone will be along shortly to elaborate or correct me

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That sums it up.    Strictly it would also include things like switching to a penalty APR rate (for late payments or whatever) but people here don't seem to count that.

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A penalty APR is an AA. I construe the term broadly and see no reason why not to as that just overcomplicates things. 

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@Anonymous wrote:

Here is a guide to common abbreviations used on this site.  While it doesn't include them all its a good start.

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

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+1

[SunriseEarth]

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@Anonymous wrote:

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@Anonymous wrote:
AA = Adverse Action

I believe it includes actions like closing accounts and credit line decreases. There might be more to it If so someone will be along shortly to elaborate or correct me

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That sums it up.    Strictly it would also include things like switching to a penalty APR rate (for late payments or whatever) but people here don't seem to count that.

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I would agree.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:
AA = Adverse Action

I believe it includes actions like closing accounts and credit line decreases. There might be more to it If so someone will be along shortly to elaborate or correct me

---

That sums it up.    Strictly it would also include things like switching to a penalty APR rate (for late payments or whatever) but people here don't seem to count that.

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A penalty APR is an AA. I construe the term broadly and see no reason why not to as that just overcomplicates things. 

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Yes, I guess it is discussed less here simply because people know what causes them (they are stated in the T&Cs)   So while we do see "X closed [or CLD] my card for NO REASON!!!" we don't see "X gave me a penalty APR for paying late!!"