the number that appears before the credit history?

Anonymous — Fri, 26 Sep 2008 02:17:05 GMT

Hello,

I am in the processes of refinancing my home (and was approved for a lower rate because of my FICO SCORE but i just received a copy of my credit report in the mail and the numbers that appear before the details of the credit history (example: 040 - Derogatory Public Record or Collection Filed) does that mean that there is 40 collection records on my record?

This is the first time that I have ever actually seen a copy of my report so i need to understand what these numbers in front of the credit history mean.

Thank You

JKHarleygirl

Re: the number that appears before the credit history?

Anonymous — Fri, 26 Sep 2008 07:02:24 GMT

Those are codes, not quantities of the item in question.

Re: the number that appears before the credit history?

Anonymous — Sat, 27 Sep 2008 14:44:19 GMT

R- Revolving (usually a credit card)
I - installment (like home or auto loan)

R1 or I1 = pays as agreed never late
R2 or I2 = 30 days late
R3 or I3 = 60 days late
R4 or I4 = 90 days late
R5 or I5 = 120 days late
R7 or I7 = making regular payments under wage earner plan
R8 or I8 = repossession
R9 or I9 = charge off

EQUIFAX - BEACON Score Codes
00039 - serious delinquency
00038 - serious delinquency, and derogatory public record or collection filed
00034 - amount owed on delinquent accounts
00033 - proportion of loan balances to loan amounts is too high
00032 - lack of recent information loan information
00030 - time since most recent account opening is too short
00024 - no recent revolving balances
00023 - number of bank or national revolving accounts with balances
00020 - length of time since derogatory public record or collection is too short
00019 - too few accounts currently paid as agreed
00018 - number of accounts with delinquency
00016 - lack of recent revolving account information
00015 - lack of recent bank revolving information
00014 - length of time accounts have been established
00013 - time since delinquency is too recent or unknown
00012 - length of time revolving accounts have been established
00011 - amount owed on revolving account is too high
00010 - proportion of balances to credit limits is too high on bank revolving or other revolving accounts
00009 - too many accounts recently opened
00008 - too many inquiries last 12 months
00006 - too many consumer finance company accounts
00005 - too many accounts with balances
00002 - level of delinquency on accounts
00001 - 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

TRANSUNION - EMPIRICA Score Codes
040 - derogatory public record or collection filed
039 - serious delinquency
038 - serious delinquency, and public record or collection filed
030 - time since most recent account opening is too short
029 - no recent bankcard balances
028 - number of established accounts
027 - too few accounts currently paid as agreed
024 - no recent revolving balances
021 - amount past due on accounts
020 - length of time since derogatory public record or collection is too short
018 - number of accounts with delinquency
017 - no recent non-mortgage balance information
016 - lack of recent revolving account information
015 - lack of recent bank revolving information
014 - length of time accounts have been established
013 - time since delinquency is too recent or unknown
012 - length of time revolving accounts have been established
010 - proportion of balances to credit limits is too high on bank revolving or other revolving accounts
009 - too many accounts recently opened
008 - too many inquiries last 12 months
006 - too many consumer finance company accounts
005 - too many accounts with balances
003 - proportion of loan balances to loan amounts is too high
002 - level of delinquency on accounts
001 - amount owed on accounts too high
- file not scored because subject does not have sufficient credit
FA - in addition to the factors listed above, the number of inquiries on the consumer's credit file has adversely affected the credit score

EXPERIAN - FAIR ISAAC Score Codes
40 - derogatory public record or collection field
39 - serious delinquency
38 - serious delinquency and public record or collection filed
33 - proportion of current loan balance to original loan amount
32 - no recent installment loan information
24 - lack of recently reported balances on revolving/open accounts
21 - amount past due to accounts
20 - length of time since legal item filed or collection item reported
18 - number of accounts delinquent
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
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
06 - number of finance company accounts
05 - number of accounts with balances
02 - delinquency reported on accounts
01 - current balances on accounts
9002 - the profile report does not contain any tradeline which satisfies both of the following: status date within the last six (6) months or a balance within the last six (6) months. does not contain disputed information
- risk score not calculated due to lack of credit history

Message Edited by Timothy on 09-27-2008 07:44 AM

Re: the number that appears before the credit history?

haulingthescoreup — Sat, 27 Sep 2008 14:42:32 GMT

Timothy, exactly how many macros do you have, anyway?

Re: the number that appears before the credit history?

Anonymous — Sat, 27 Sep 2008 14:43:28 GMT

A few

haulingthescoreup wrote:
Timothy, exactly how many macros do you have, anyway?

Re: the number that appears before the credit history?

Anonymous — Sat, 27 Sep 2008 14:51:32 GMT

These score codes may show partial buckets- IMO

Remember- there are only 2 derog buckets- and if you have a CA, PR, or serious DQ- you will be in one of those buckets as long as they appear on your report.

Re: the number that appears before the credit history?

Anonymous — Sat, 27 Sep 2008 14:52:31 GMT

Notice EQ does not have a 40 code.

topic Re: the number that appears before the credit history? in Understanding FICO® Scoring

the number that appears before the credit history?

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Re: the number that appears before the credit history?

Re: the number that appears before the credit history?

Re: the number that appears before the credit history?