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Risk Factor Reason Codes - Decode Credit Reports to Determine Credit Worthiness

Risk Factor Reason Codes - What Do These Codes Mean on Your Credit Report?

Last Updated: February 18, 2016

When you apply for a loan or a credit card, the lender will run a credit report check on you to determine your credit worthiness. If they decide that you're too great a risk for a loan or credit card, they'll send you a letter in the mail letting you know that you've been rejected. On the letter, they'll list the bureau they pulled your credit report from (Equifax, TransUnion or Experian) as well as the risk factor reason codes for the risks you pose. The risk codes will be listed in the order of importance - higher up on the list in your letter, the more significant.

Besides the three main credit bureaus having their own risk factor codes, FICO NextGen has come out with a long list of codes as well. There are well over 150 FICO codes so we have not listed them all out. Below, we have integrated the FICO NextGen codes into the table below with the Equifax, TransUnion and Experian codes.

EQ stands for Equifax, TU stands for TransUnion, EX stands for Experian, FICO stands for FICO NextGen

Risk Reasons EQ TU EX FICO  
Amount owed on accounts is too high 1 1 1 A3
Level of delinquency on accounts 2 2 2 D6
Too few bank revolving accounts 3 n/a 3 R4
Too many bank or national revolving accounts 4 n/a 4 T2
Too many accounts with balances 5 5 5 T1
Too many consumer finance company accounts 6 6 6 T3
Account payment history is too new to rate 7 7 7 A0
Too many recent inquiries last 12 months 8 8 8 T5
Too many accounts recently opened 9 9 9 T0
Proportion of balances to credit limits is too high on
bank revolving or other revolving accounts
10 10 10 P5
Amount owed on revolving accounts is too high 11 11 11 B5
Length of time revolving accounts have been established 12 12 12 J8
Time since delinquency is too recent or unknown 13 13 13 K0
Length of time accounts have been established 14 14 14 J0
Lack of recent bank revolving information 15 15 15 F5
Lack of recent revolving account information 16 16 16 G1
No recent non-mortgage balance information 17 17 17 G4
Number of accounts with delinquency 18 18 18 M1
Date of last inquiry too recent n/a 19 n/a D1
Too few accounts currently paid as agreed 19 27 19 R0
Time since derogatory public record or collection is too short 20 20 20 K1
Amount past due on accounts 21 21 21 B6
Serious delinquency, derogatory public record or collection filed 22 22 22
Number of bank or national revolving accounts with balances 23 n/a 23 M6
No recent revolving balances 24 24 24 G6
Length of time installment loans have been established 25 n/a 25 J4
Number of revolving accounts 26 26 26 N6
Number of established accounts 28 28 28 N2
No recent bankcard balances n/a 29 29 G3
Time since most recent account opening too short 30 30 30 K2
Too few accounts with recent payment information 31 n/a 31 R2
Lack of recent installment loan information 32 4 32 F7
Proportion of loan balances to loan amounts is too high 33 3 33 P9
Amount owed on delinquent accounts 34 31 34 A6
Length of time open installment loans have been established n/a n/a 36 J6
Number of consumer finance company accounts established relative to length of consumer finance history n/a n/a 37 N0
Serious delinquency and public record or collection filed 38 38 38 D8
Serious delinquency 39 39 39 D7
Derogatory public record or collection filed 40 40 40 D4
Payments due on accounts n/a n/a 46 X0
Length of time consumer finance company loans have been established n/a 98 n/a J3
Lack of recent auto finance loan information 98 n/a n/a F3
Lack of recent auto loan information n/a 97 98 F4
Lack of recent consumer finance company account information 99 99 99 F6
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