Risk Factor Reason Codes — What They Mean on Your Credit Report

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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

Amount owed on accounts is too high111A3
Level of delinquency on accounts222D6
Too few bank revolving accounts3n/a3R4
Too many bank or national revolving accounts4n/a4T2
Too many accounts with balances555T1
Too many consumer finance company accounts666T3
Account payment history is too new to rate777A0
Too many recent inquiries last 12 months888T5
Too many accounts recently opened999T0
Proportion of balances to credit limits is too high on
bank revolving or other revolving accounts
Amount owed on revolving accounts is too high111111B5
Length of time revolving accounts have been established121212J8
Time since delinquency is too recent or unknown131313K0
Length of time accounts have been established141414J0
Lack of recent bank revolving information151515F5
Lack of recent revolving account information161616G1
No recent non-mortgage balance information171717G4
Number of accounts with delinquency181818M1
Date of last inquiry too recentn/a19n/aD1
Too few accounts currently paid as agreed192719R0
Time since derogatory public record or collection is too short202020K1
Amount past due on accounts212121B6
Serious delinquency, derogatory public record or collection filed222222
Number of bank or national revolving accounts with balances23n/a23M6
No recent revolving balances242424G6
Length of time installment loans have been established25n/a25J4
Number of revolving accounts262626N6
Number of established accounts282828N2
No recent bankcard balancesn/a2929G3
Time since most recent account opening too short303030K2
Too few accounts with recent payment information31n/a31R2
Lack of recent installment loan information32432F7
Proportion of loan balances to loan amounts is too high33333P9
Amount owed on delinquent accounts343134A6
Length of time open installment loans have been establishedn/an/a36J6
Number of consumer finance company accounts established relative to length of consumer finance historyn/an/a37N0
Serious delinquency and public record or collection filed383838D8
Serious delinquency393939D7
Derogatory public record or collection filed404040D4
Payments due on accountsn/an/a46X0
Length of time consumer finance company loans have been establishedn/a98n/aJ3
Lack of recent auto finance loan information98n/an/aF3
Lack of recent auto loan informationn/a9798F4
Lack of recent consumer finance company account information999999F6
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