How to Read a Credit Report - Number Code

This coincides with the numbered Credit Report.

1. Person ordering the report, reference number (report number) and Fannie Mae reference number (optional).

2. Date report was requested and completed with the your client number.

3. Report type (number of bureaus used to create report), repositories accessed and ECOA type (Equal Credit Opportunity Act public law)

4. Borrower/Co-Borrower identification information including address, social security number, martial status, number of dependents and more.

5. Bureau score.

6. Bureau scoring model used and the factors used to generate the bureau score.

7. Employment information on Borrower(s) including who verified the information and the date of verification.

8. Account name and account number.

9. Date account was last reported to the repositories.

10. Date account was opened.

11. Highest credit that was obtained against the account.

12. Current balance owing on this account.

13. Payment amount due monthly and account type ("R" for revolving, "I" for installment, "M" for mortgage, etc.).

14. Current status on account.

15. Historical status including months reviewed (how long account has been open), number of times past due and past due amount.

16. Bureau source segment identifiers.

17. Term of loan (30 year mortgage = 360 months).

18. Closed Trades - Narratives from the bureaus.

19. Late date information if applicable.

20. Collection information with collection company name, amount owed and who the original creditor is.

21. Public record information if provided.

22. Additional employment information.

23. Additional address information

24. Not shown in this report - this section is Inquiries in the past 24 months (see "view sample" on main products page for an example of this section).

25. Creditor information list (provided is the address and phone numbers to each of the creditors).

26. Sources of information including bureau, social security and address information.

27. Alerts and validations. This is an important field to learn if there are any problems with the file such as if the borrower is deceased, incorrect social security number, etc.

28. AKA's (Also Know As).

29. Bureau addresses and phone numbers.

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