How to Read Equifax Credit Report Codes

Equifax Credit Report Format

Equifax format credit reports in the standard Acrofile Plus layout for Equifax can be provided for piece of cake integration into your application. Alternatively, the MERit Credit Engine provides credit report data in database tables or as XML, so it is possible to create your ain custom-design report layouts.

The Merit Credit Engine uses the Equifax Internet Organization to System spider web interface to admission STS 6.0 or System 5 fixed-format data, from which it generates the human being readable report. The Merit credit API documentation shows how yous can too asking that Equifax generate human being readable  text reports every bit part of its response. With either approach, it is an like shooting fish in a barrel matter for software developers to laissez passer the report text directly to the end-user for viewing or printing, equally illustrated below.

Equifax Layout

1. Inquiry Data  Shows the data used for the request. It identifies the consumer proper name, current accost, erstwhile address and employment (if provided,) and social security number.

2. Report Header   Appears at the top of reports to identify the operator, the user reference (if provided) and relevant dates and times.

iii. Hazard Models One or more than credit scores may appear here, along with reason codes. This instance shows a Buoy score.

iv. Safescan Alerts  Possible fraud indicators, such every bit an SSN used with other names or reported as deceased.

5. OFAC Alert  provides a record of the check against the Office of Foreign Assets Control database for U.s. PATRIOT Act compliance.

6. Consumer referral accost shows the credit bureau phone number and address to be provided to the consumer if credit is declined.

seven. Subject Identification shows the total proper noun that Equifax has on file.  SINCE indicates the engagement the file was established, FAD is the date the file was concluding updated, FN is the Equifax internal file number.

8. Addresses (Electric current and One-time) with dates reported.

nine. BDS / Social Security Number Nativity date of the subject and 1 or more Social Security numbers associated with this consumer.

10. Employment Up to 4 lines showing contempo employers (as known to Equifax.)

11. Profile Summary is a quick overview of the  residue of the study. SUM - The date range covered. PR/OI - Existence of public records or other information. (Aye or No.) COLL - Existence of collection items. (Aye or No.) FB - Foreign bureau accounts (how many.) ACCTS - Accounts (how many.) HC - Range of everyman credit limit to highest reported credit limit or residue.
ONES, TWOS. - How many R1, R2 derogatory trade items.

12. Inquiry Alert - Warns of possibly excessive recent applications for credit.

13. Public Records - May include docket number and dollar amounts from garnishments, bankruptcies, judgments, and other court records. See table below.

14. Tradelines

A.	FIRM - The lender
B.	IDENT Lawmaking - The lender'southward member number with Equifax, including a two-letter industry code. For case, AU designates used automobile dealer.
C.	CS - Current status. R1 is a revolving account paid as agreed, R2 is a past-due account (1 or 2 payments behind,)  etc.  R0 indicates the business relationship is too new to rate. Other status codes signal things such every bit repossession, lost/stolen card, etc. Installment loans with a stock-still number of payments use I (instead of R.) Open thirty, 60, or 90 day accounts utilise O (instead of R.)  Come across table below.
D.	ECOA - Equal Credit Opportunity Act code: I for private, J for joint.  See table beneath.
E.	Business relationship Number - Number assigned to the account by the lender, such as a credit card number. Some digits may be masked or truncated.
F.	RPTD, OPND Month and twelvemonth this particular was last reported and originally opened.
G.	LIMIT, P/DUE - Credit limit for revolving accounts (if reported) and the electric current amount by due.
H.	HICR, TERM - High credit - The highest the rest has been, and the term in months.
I.	BAL$ - Residuum currently owed.
J.	DLA Date of Concluding Access (appointment reported)
Thousand.	MR Months reviewed.
L.	(30-lx-90+) Number of 30-, 60-, & 90-mean solar day delinquencies
Thousand.	MAX/DEL Date and status-code of the worst delinquency.  Instance: 04/97 R3 indicates 3 payments backside in Apr of 1997. See table beneath.
N.	24 Calendar month History - Status codes for upward to 24 months: 1=on-time payment, 2=past-due up to ii months, 3=past-due up to 3 months, etc.  (The about recent month is at the left.)

xv. INQS - Visitor proper noun, Equifax member number and dates of recent credit inquiries. Ordinarily indicates where else the subject area has applied for credit.
16. Online Directory - If ordered, telephone numbers and addresses of the subject area'south creditors can be listed to aid in skip-tracing, etc.

Other Items

OFAC Warning, if requested, provides a tape of the bank check against the Office of Foreign Assets Command database for USA PATRIOT Deed compliance.

Consumer'south Statement (if present) is the discipline'due south side of the story for items that may have been unsuccessfully disputed, or the consumer's caption for late payments and other derogatory items.  A fraud victim warning may accept also been included at request of the consumer.

CONSUMER STATEMENT RPTD 12/02 PURGE 12/08
#HK# ID FRAUD VICTIM Warning: MY IDENTITY MAY HAVE BEEN USED WITHOU MY CONSENT
TO FRAUDULENTLY OBTAIN Appurtenances OR SERVICES FRAUDULENT APPLICATIONS MAY Be
SUBMITTED IN MY NAME USING CORRECT PERSONAL INFORMATION Practise NOT EXTEND CREDIT
WITHOUT FIRST CONTACTING ME PERSONALLY AND VERIFYING ALL Bidder
Information AT 777-777-7777 Solar day OR 888-888-8888 EVENING

Equifax Codes

Public Record Codes

Code	Description	Code	Clarification
AB JD	Abstract Judgment (foreclosure, etc.).	PD CL	Paid collection ($50 and upwardly)
BKRPT	Bankruptcy	SECLN	Secured loan
FINCL	Fiscal counselors	SP MT	Divide maintenance
FN ST	Financial statement filed	ST JD	Satisfied judgment (foreclosure, etc.).
FORCL	Foreclosure	SUDI	Adapt dismissed
GARN	Garnishment	SUIT	Lawsuit
LIEN	Tax Lien	Up CL	Unpaid collection ($50 and up)
MAR	Martial items (divorce, etc.)	WEP	Wage earner programme
N/RES	Non-responsibility

Equifax Trade Check Rating Codes

Installment Business relationship (stock-still number of payments	Revolving or Choice Account (Open-ended)	Open Account (xxx, 60, or 90-day account.)	Significant
I0	R0	O0	Also new to rate
I1	R1	O1	Pays account as agreed
I2	R2	O2	Not more than two payments past due
I3	R3	O3	Not more than iii payments past due
I4	R4	O4	Not more four payments past due
I5	R5	O5	More than than 120 days or four payments past due
I7	R7	O7	Making regular payments under WEP.
I8	R8	O8	Repossession
I9	R9	O9	Bad debt; placed for collection
IA	RA	OA	Account is inactive
IB	RB	OB	Lost or stolen carte
IC	RC	OC	Contact fellow member for status
ID	RD	OD	Refinanced or renewed
IE	RE	OE	Consumer deceased
IF	RF	OF	In financial counseling
IG	RG	OG	Foreclosure process started
IH	RH	OH	In WEP of other party
IJ	RJ	OJ	Adjustment pending
IM	RM	OM	Included in Affiliate xiii

ECOA Codes	Description
A	Authorized User - This individual is an authorized user of this account; another individual has contractual responsibility
C	Joint Account Contractual Responsibility - This individual is contractually obligated to repay all debts arising on this account. There are other people associated with this business relationship who may or may non have contractual responsibility.
I	Individual - This individual has contractual responsibility for this account and is primarily responsible for its payment
Chiliad	Maker (signer) - This private is responsible for this account, which is guaranteed by a Co-maker (cosigner)
P	Shared Account - This individual participates in this account. The clan cannot be distinguished between ECOA I or J
S	coSigner - This individual has guaranteed this account and assumes responsibleness should signer default
T	Terminated - Account is terminated
U	Undesignated - This is reported past the Bureau just
10	Deceased - the subject is on record equally existence dead.

The information bands on the credit report may vary, depending on which Equifax products or addition options you've chosen, and your agency settings.

Production and company names mentioned herein are the property of their respective owners. You lot must have account(s) and valid log-in credentials with whichever credit reporting agencies you intend to access with the Merit Credit Engine software. Merit Credit Systems is a software provider only, is not affiliated with any credit bureau, and does non human activity every bit a provider, laissez passer-through, or reseller of consumer credit reports.

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Source: https://www.creditengine.net/equifax_format.htm

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