HOW TO READ THE TRANS UNION CREDIT FILE

CREDITOR NAME

DATE REPORTED

DATE OPENED

HIGH CREDIT

BALANCE OWING

TERMS

CURRENT STATUS

HISTORICAL STATUS

PAST DUE

ACCOUNT NUMBER

DLA

 

 

 

ACCT. TYPE

ECOA

TIMES PAST DUE

LAST PAST DUE

 

 

 

 

 

 

 

30 60 90

 

DATE REPORTED - The date the current status was reported.

DLA - The date of last activity on this account

DATE OPENED - The date the account was opened.

HIGH CREDIT - The credit limit, the original amount of the loan or the highest balance of this account.

BALANCE OWING - The current balance of this account as of the date reported.

TERMS - The amount of estimated or scheduled monthly payment.

ACCT. TYPE - Type of Account: REV = revolving; INST = installment; MTG = mortgage; OPEN = open end.

CURRENT STATUS - The current status of the is account as of the date reported.

CURRENT STATUS RATING & THEIR MEANINGS

RATING

MEANING

0

NOT RATED/TOO NEW TO RATE

1

PAID AS AGREED

2

30-59 DAYS PAST THE DUE DATE

3

60-89 DAYS PAST THE DUE DATE

4

90-119 DAYS PAST THE DUE DATE

5

120 DAYS OR MORE PAST DUE DATE

7

PAYING/PAID THROUGH WAGE EARNER PLAN

8

REPOSSESSION

9

CHARGED OFF TO BAD DEBT

ECOA - Equal Credit Opportunity Act - Indicates who is responsible for this account.

ECOA CODES & THEIR MEANINGS

CODE

MEANING

I

APPLICANT/INDIVIDUAL

C

JOINT/CONTRACTUAL

A

AUTHORIZED USER

P

JOINT/PARTICIPATES

S

COSIGNER/GUARANTOR

M

COSIGN/RESPONSIBLE

T

TERMINATED ACCOUNT

U

UNDESIGNATED

X

DECEASED

HISTORICAL STATUS - #MO. = Number of months reviewed to establish the 30/60/90 day times past due.

PAST DUE - The amount past due as of the date reported.

LAST PAST DUE - Comment filed lists the date the account was past due.

COLLECTIONS, PUBLIC RECORDS, EMPLOYMENT - Indicate information reported to the credit file.

SEGMENT - Identifies which Credit Reporting Agency reported the information.

CONSUMER STATEMENTS - May be added to a file by the consumer.

INQUIRY INFORMATION - A list of organizations that have accessed the credit file within 2 years

CREDITOR LIST - A list of addresses and telephone numbers of organizations on the credit file.

***NEXT TO EACH ITEM ON THE CREDIT REPORT YOU WILL SEE TU1 WHICH REPRESENTS

TRANS UNION AND THE FIRST APPLICANT (ALL FILES WILL SHOW THIS NOTATION)***

TRADES, DEROGATORY TRADES, COLLECTIONS, JUDGMENTS AND LIENS ARE REPORTABLE FOR 7 YEARS

FROM THE DATE OF LAST ACTIVITY.

THE BANKRUPTCY CASE FILINGS LISTED IN PUBLIC RECORDS ARE REPORTED FOR 10 YEARS, HOWEVER

ACCOUNTS THAT WERE INCLUDED IN THE BANKRUPTCY WILL PURGE OFF THE FILE IN 7 YEARS FROM THE

DATE OF LAST ACTIVITY.