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

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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