Explanation of Codes on Credit Reports

Have you ever ordered your credit reports and seen the little codes on your credit report and wondered what they mean?  Here is a guide you can refer to when reviewing your credit report and evaluating if it is reporting correctly.

This information is broken down by Credit Reporting Agency (CRA’s).

EQUIFAX – BEACON Score Codes

39 – serious delinquency
38 – serious delinquency, and derogatory public record or collection filed
34 – amount owed on delinquent accounts
33 – proportion of loan balances to loan amounts is too high
32 – lack of recent information on installment loan accounts or lack of installment loan accounts
31 – too few accounts with recent payment information
30 – time since most recent account opening is too short
28 – number of accounts established
24 – no recently reported revolving balances
23 – number of bank or national revolving accounts with balances
22 – accounts not paid as agreed, public record, or collection agency filing           (FORECLOSURE)
21 – amount past due on accounts
20 – length of time since derogatory public record or collection is too short
19 – too few accounts currently paid as agreed
18 – number of accounts with delinquency currently or in the past not paid as agreed
17 – no non-mortgage account balances or  non-mortgage balances not recently reported
16 – lack of recent revolving account information
15 – lack of recent bank revolving information
14 – length of time accounts have been established
13 – time since delinquency is too recent (or unknown) or trade narrative reported
12 – length of time revolving accounts have been established
11 – amount owed on revolving account is too high
10 – proportion of balances to credit limits is too high on bank revolving or other revolving accounts
09 – too many accounts recently opened
08 – too many inquiries last 12 months
07 – recent payment history is too new to rate
06 – too many consumer finance company accounts
05 – too many accounts with balances
04 – too many bank or national revolving/open accounts
03 – too few bank or national revolving/open accounts
02 – level of delinquency on accounts
01 – amount owed on accounts is too high
O – beacon not available, no recently reported account information
FA – number of inquiries adversely affected the score, but not significantly

TRANS UNION – EMPIRICA Score Codes

42 – length of time since most recent consumer finance company account established(**factor not currently in use)

41 – no recent retail balances (**factor not currently in use)40 – derogatory public record or collection filed
39 – serious delinquency
38 – serious delinquency, and public record or collection filed

36 – payments due on accounts (**factor not currently in use)
31 – amount owed on delinquent accounts (**factor not currently in use)

30 – time since most recent account opening is too short
29 – no recent bankcard balances
28 – number of established accounts
27 – too few accounts currently paid as agreed
26 – number of bank revolving or other revolving accounts (**factor not currently in use)
24 – no recent revolving balances
23 – number of bank or national revolving accounts with balances

22 – serious delinquency derogatory public record or collection filed             (FORECLOSURE)

21 – amount past due on accounts
20 – length of time since derogatory public record or collection is too short
19 – Date of last inquiry too recent
18 – number of accounts with delinquency
17 – no recent non-mortgage balance information
16 – lack of recent revolving account information
15 – lack of recent bank revolving information
14 – length of time accounts have been established
13 – time since delinquency is too recent or unknown
12 – length of time revolving accounts have been established
11 – amount owed on revolving accounts is too high

10 – proportion of balances to credit limits is too high on bank revolving or other revolving accounts
09 – too many accounts recently opened
08 – too many inquiries last 12 months
07 – account payment history
06 – too many consumer finance company accounts
05 – too many accounts with balances
04 – lack of recent installment loan information
03 – proportion of loan balances to loan amounts is too high
02 – level of delinquency on accounts
01 – amount owed on accounts too high

00 – no adverse factor
MODEL NOT SCORED: INSUFFICIENT CREDIT message occurs when a credit file does not contain
a trade line opened for at least 6 months and trade line updated within the last 6 months.

FA – in addition to the factors listed above, the number of inquiries on the consumer’s credit file has adversely affected the credit score.

MODEL NOT SCORED: DECEASED message occurs when the subject’s Social Security Number matches the Social Security Administration’s deceased Social Security Number file, or is reported as deceased by a credit grantor.

EXPERIAN – FAIR ISAAC Score Codes

40 – derogatory public record or collection field
39 – serious delinquency
38 – serious delinquency and public record or collection filed
37 – number of finance company accounts established relative to length of finance history

36 – length of time open installment loans have been established

33 – proportion of current loan balance to original loan amount
32 – no recent installment loan information

31 – too few accounts with recent payment information

30 – length of time since most recent account established

28 – number of accounts established26 – number of revolving accounts

25 – length of installment loan history
24 – lack of recently reported balances on revolving/open accounts
22 – account(s) not paid as agreed and/or legal item filed                            (FORECLOSURE)

21 – amount past due to accounts
20 – length of time since legal item filed or collection item reported
18 – number of accounts delinquent
17 – no recent (non-mortgage) accounts balance information

16 – insufficient or lack of revolving account information
15 – insufficient or lack of bank revolving account information
14 – length of time accounts have been established
13 – length of time (or unknown time) since account delinquent
12 – length of revolving account history
11 – current balances on revolving accounts

10 – proportion of balance to high credit on bank revolving or all revolving accounts
09 – number of accounts opened within the last 12 months
08 – number of recent inquiries
07 – Unable to evaluate recent payment history

06 – number of finance company accounts
05 – number of accounts with balances
04 – Too many bank revolving accounts

03 – Too few bank revolving accounts

02 – delinquency reported on accounts
01 – current balances on accounts
Exclusion Messages

9003 – Experian/Fair Isaac Score Not Available Due to Lack of Credit History – The Profile report does not contain any trade lines which have been open for at least six months

9002 – Experian/Fair Isaac Score Not Available Due to Model Exclusion Criteria – The Profile report does not contain any trade line which satisfies both of the following:
1.   Status date within the last six months, or a balance within the last six months if the status code is not “11″ (“Current account”)
2.   Does not contain disputed information

9001 – Experian/Fair Isaac Score Not Available Due to Report of “Deceased” Status – The Profile report contains a subscriber transaction with a status code of “21″ or an association code of “X” indicating the consumer is deceased

9000 – Experian/Fair Isaac Score Not Available Due to System File Size Parameters – The Profile report contains more than 100 subscriber trade and inquiry transactions