Get on the Road to Financial Success with
Simple DIY Building Credit Restoration Education
(We Have Keep It Simple Solutions)
Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
Set Up 4 Success Credit Report Terms
Set Up 4 Success Credit Report Terms
Risk Models: One or more credit scores may appear here, along with reason codes.
There are several different algorithms used to determine FICO scores.
Some of the most common are: FairIsaac 2.0 (used by Experian), Beacon 5.0 (used by Equifax), FICO RiskScoreClassic 04
(some used by TransUnion)
Safescan Alerts: A fraud prevention tool that compares consumer-provided information against a separate nationwide database.
(Example: multiple Social security numbers used, Deceased, etc…)
OFAC Alert: Provides a record of the check against the Office of Foreign Assets Control database for USA PATRIOT Act compliance.
Authorized User Alert: The alerts are set up on a case by case basis but typically, the alert is generated when 1) a consumer has 5 or
more authorized user accounts on their credit report or 2. if the consumer’s Credit Report contains authorized user
accounts comprising 25% or more of satisfactory open revolving accounts.
THE PUBLIC RECORDER CODES YOU SHOULD KNOW
THE PUBLIC RECORDER CODES YOU SHOULD KNOW
Code Description Code Description
AB JD Abstract Judgement (foreclosure,etc) PD CL Paid Collection ($50 and up)
BKRPT Bankruptcy SECLN Secured Loan
FINCL Financial counselors SP MT Separate maintenance
FN ST Financial statement filed ST JD Satisfied judgment
FORCL Foreclosure SUDI Suit dismissed
GARN Garnishment SUIT Lawsuit
LIEN Tax Lien UP CL Unpaid collection ($50 and up)
MAR Marital items (divorce, etc) WEP Wage earner plan
N/RES Non-responsibility
Equal Credit Opportunity Act
Equal Credit Opportunity Act
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 account who may or may not have contractual responsibility.
I Individual –This individual has contractual responsibility for this account and is primarily responsible for its payment
M Maker (signer) – This individual is responsible for this account, which is guaranteed by a Co-maker (cosigner)
P Shared Account – This individual participates in this account. The association cannot be distinguished between ECOA I or J
S coSigner – This individual has guaranteed this account and assumes responsibility should signer default
T Terminated – Account is terminated
U Undesignated – This is reported by the Bureau only
X Deceased – the subject is on record as being dead.
THE RATING CODES YOU SHOULD KNOW ABOUT
THE RATING CODES YOU SHOULD KNOW ABOUT
Installment Revolving or Open Account Meaning
Account Option Account (30, 60, or 90-day
(fixed number (open-ended) account)
of payments
I0 R0 O0 TOO NEW TO RATE
I1 R1 O1 PAYS ACCOUNT AS AGREED
I2 R2 O2 NOT MORE THAN 2 PAYMENTS PAST DUE
I3 R3 O3 NOT MORE THAN 3 PAYMENTS PAST DUE
I4 R4 O4 NOT MORE THAN 4 PAYMENTS PAST DUE
I5 R5 O5 MORE THAN 120 DAYS OR 4 PAYMENTS
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 CARD
IC RC OC CONTACT 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 CHAPTER 13