ECOA - (Equal Credit Opportunity Act)
A - Authorized user
I - Individual account
B - Borrower’s account
C - Co-borrower’s account
J - Joint account
M - Maker
S - Co-maker
P - Participating account
T - Terminated
X - Deceased
U - Undesignated account
Credit Score Reasoning Codes
000 - This code indicates that no information appearing on the credit report negatively impacts the score.
001 - This code indicates the amount owed on accounts is too high.
002 - This code indicates the level of delinquency on accounts. The level is determined by the length of time and status. This code is typically triggered when the delinquency is more than 60 days past due.
003 - This code indicates that the proportion of loan balances to loan amounts is too high. The loans are maxed out with little to no available credit.
004 - This code indicates that there is a lack of recent installment loan information. The lack of recent information is causing a negative impact on the score.
005 - This code indicates there are too many accounts with balances. Viewed by the credit bureaus as having a high debt to income ratio.
006 - This code indicates there are too many consumer finance company accounts. This is viewed as a high debt to income liability.
007 - This code indicates the account payment history is too new to rate.
008 - This code indicates there are too many inquiries in the last 12 months. This is typically triggered if the inquiries are in the same category. For example, too many credit card inquiries or auto loan inquiries in a given time period.
009 - This code indicates there are too many accounts recently opened.
010 - This code indicates that the proportion of balances to credit limits is too high on bank revolving or other revolving accounts. Their credit cards are maxed out. This is concerning for landlords since there may not be a safety net of available credit in the event their income is affected.
011 - This code indicates that the amount owed on a revolving account is too high. The high balance is causing a negative credit impact.
012 - This code indicates the length of time revolving accounts have been established. The accounts are too recent and positive credit cannot be determined.
013 - This code indicates the time since delinquency is too recent or unknown. Not enough time has passed yet to begin rebuilding positive credit.
014 - This code indicates the length of time accounts have been established. This typically means there has not been enough time since recent accounts were opened to determine payment history.
015 - This code indicates the lack of recent bank revolving information. Not enough recent activity to generate a positive or negative score.
016 - This code indicates the lack of recent revolving account information. The lack of information is having a negative impact on the credit score.
017 - This code indicates that there is no recent non-mortgage balance information.
018 - This code indicates the number of accounts with delinquency. This typically means there is a high number of accounts in a delinquent status. It usually takes 3 or more delinquent accounts to trigger this code.
019 - This code indicates the date of the last inquiry is too recent.
020 - This code indicates the length of time since a derogatory public record or collection is too short. This code is triggered when the adverse records are still having a negative impact on the credit. After time, credit will bounce back and begin to regain positive momentum, but this has not happened yet because the filings are too recent.
021 - This code indicates the amount past due on accounts. The status of the accounts is impacting the score negatively.
022 - This code indicates there is serious delinquency. Typically an account that has exceeded the 90 days past due mark.
024 - This code indicates that there are no recent revolving balances. The lack of information on revolving balances is causing a negative impact on the score.
026 - This code indicates the number of bank revolving or other revolving accounts. Too many revolving accounts can impact the score negatively regardless of the balances and status.
027 - This code indicates there are too few accounts currently paid as agreed. This means not enough positive activity.
028 - This code indicates the number of established accounts. A lack of established accounts is having a negative impact on the score.
029 - This code indicates there are no recent bankcard balances. The lack of balances could be impacting the score negatively.
030 - This code indicates the time since the most recent account opening is too short. There has not been enough information to impact the credit score positively.
031 - This code indicates the amount owed on delinquent accounts. Balances are impacting the credit score negatively.
036 - This code indicates there is serious delinquency, and public record or collection filed. This code is typically triggered when the delinquency is 90 or more days.
039 - This code indicates there is serious delinquency. This is typically triggered when an account reaches 90 days past due, and the delinquency is still having a negative impact on the credit score.
040 - This code indicates that the derogatory public record or collection is filed. The filing can be within the past 7 years. This code is triggered when the filing is still having a negative impact on the credit score.