Credit Report Cheat Sheet

Credit Report Cheat Sheet

ACCOUNT TYPES

R – Revolving M - Mortgage

I – Installment O - Open

ACCOUNT DESIGNATIONS

U or 0 – Undesignated

I or 1 – Individual Account

J or 2 – Joint Account, both Borrowers are Liable for the Debt

A or 3 – Authorized User

C or 4 – Co-Borrower on a Joint Account

S or 5 – Co-Signer/Sharer on an Account

B or 6 – On behalf of

M or 7 – Maker or Primary Borrower on an Account

P – Participant on Account

T – Terminated

X – Consumer Deceased

8 - Individual Account for Spouse

9 - No longer with Account

RATINGS

0 – Not Rated, Too New to Rate,or Approved but Not Used

1 – Pays within 30 Days - Not more than 1 Payment Past Due

2 – Pays within 60 Days – Not more than 2 Payments Past Due

3 – Pays within 90 Days – Not more than 3 Payments Past Due

4 – Pays within 120 Days – Not more than 4 Payments Past Due

5 – More than 4 Payments Past Due

6 – Pays within 150 Days – Not more than 5 Payments Past Due

7 – Making Regular Payments Under a Wage Earner Plan (WEP)

8 – Reposession

9 – Bad Debt, Cared Off Account, or Collection Account

BUREAU ~ FICO SCORE MODEL

XPN/TRW – Experian Fair Isaac Scoring Model

TU – Trans Union Empirica Scoring Model

EFX – Equifax Beacon Scoring Model

OTHER ABBREVIATIONS

PR – Present

DLA – Date of Last Activity

PDA – Past Due Amount

WNC – Will Not Clear to a 3rd Party

DEL – Delinquencies

REP – Repository (Bureaus)

DELINQUENCY DASHES

2 - 30 Days Late

3 - 60 Days Late

4 - 90 Days Late

5 - 120 Days Late

6 - 150 Days Late

7 - 180 Days Late

EXAMPLE: 02 01/03 = Account was over 30 Days Late in January 2003