Reply
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

FICO Risk Score Reason Codes

[ Edited ]

Here are the reason codes used by the three main FICO scoring formulas, broken by CRA:

FICO Risk Score Reason Codes

The TU codes are for TU98, which is what is still pulled here. Beacon 5.0 is the current Equifax scoring model, found here and used by most lenders who use Equifax. Experian Fair Isaac Version 2 is what was used here back before Black Friday (2/13/2009), when Experian cut off consumer access to our own FICO EX scores.

As you can see, not every formula has exactly the same codes. Also, the order in which they are listed is not by severity. In other words, "Amount owed on accounts is too high" is not the most damaging factor, and "Derogatory public record or collection filed" is certainly not the least.

If something isn't on this list of reason codes, it doesn't affect your scores: closed by grantor, address, marital status, etc etc. If it is, it does, but it might be such a minuscule effect that it's not worth worrying about.

When a lender pulls your scores, it will be the top four negative factors that are listed. These are the ones that hurt your scores the most, in descending order.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+