The letter “R” stands for revolving credit and refers to credit card accounts. Mortgage loans appear as an “M,” while “C” stands for credit lines such as home equity loans. If you see an “O” it refers to open accounts which may last 30, 60 or 90 days.
What does 09 mean on credit report?
09* Current account/Was 60. days past due date four or.
What does Equifax public access mean?
A File Access or Other Access note is recorded when Equifax discloses consumer credit information, commercial credit information or publicly available information that is not recorded elsewhere.
What does B mean on credit report?
These usually appear on the right hand side of the document under your credit accounts and shows your payments for a period of time relating to each account. If you see a code “B” this means there was a payment change and no other code is applicable. Each of the reporting companies uses a different code series.
What’s the difference between a hard and soft credit check?
A hard credit inquiry is when a lender checks your credit before approving you for a loan, such as a mortgage or car loan, or a credit card you’ve applied for. A soft inquiry happens when you receive an offer from a lender, like a pre-approved credit card, or when you check your own credit.
What does P mean on CCR?
Not reported – Repayment data was not reported for. this period. P. Pending – Repayment data has not been reported yet for. this period (applies if the repayment period is the current.
Who uses your Equifax score?
Equifax credit scores are not used by lenders and creditors to assess consumers’ creditworthiness. FICO scores are general purpose credit scores developed by the Fair Isaac Corporation, which are used by lenders and creditors to help assess consumers’ creditworthiness.
What does M on a credit report mean?
Maker
For example, “M” stands for “Maker” which means that there is a co-signer along with the primary owner of the account. “C” is used to indicate who the co-signer of an account is, while “S” means that you’re a co-signer and will become liable if the maker defaults. “
