 TITLE: Risk Factor Reason Codes Determine Your Credit Worthiness CONTENT: Risk Factor Reason Codes — What They Mean on Your Credit Report\n---------------------------------------------------------------\n###### Written by: Kristy Welsh\n_Last Updated: March 18, 2017_\nWhen 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.\nBesides 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.\n**EQ** stands for Equifax, **TU** stands for TransUnion, **EX** stands for Experian, **FICO** stands for FICO NextGen\n**Risk Reasons**\n**EQ**\n**TU**\n**EX**\n**FICO**\nAmount owed on accounts is too high\n1\n1\n1\nA3\nLevel of delinquency on accounts\n2\n2\n2\nD6\nToo few bank revolving accounts\n3\nn\/a\n3\nR4\nToo many bank or national revolving accounts\n4\nn\/a\n4\nT2\nToo many accounts with balances\n5\n5\n5\nT1\nToo many consumer finance company accounts\n6\n6\n6\nT3\nAccount payment history is too new to rate\n7\n7\n7\nA0\nToo many recent inquiries last 12 months\n8\n8\n8\nT5\nToo many accounts recently opened\n9\n9\n9\nT0\nProportion of balances to credit limits is too high on  \nbank revolving or other revolving accounts\n10\n10\n10\nP5\nAmount owed on revolving accounts is too high\n11\n11\n11\nB5\nLength of time revolving accounts have been established\n12\n12\n12\nJ8\nTime since delinquency is too recent or unknown\n13\n13\n13\nK0\nLength of time accounts have been established\n14\n14\n14\nJ0\nLack of recent bank revolving information\n15\n15\n15\nF5\nLack of recent revolving account information\n16\n16\n16\nG1\nNo recent non-mortgage balance information\n17\n17\n17\nG4\nNumber of accounts with delinquency\n18\n18\n18\nM1\nDate of last inquiry too recent\nn\/a\n19\nn\/a\nD1\nToo few accounts currently paid as agreed\n19\n27\n19\nR0\nTime since derogatory public record or collection is too short\n20\n20\n20\nK1\nAmount past due on accounts\n21\n21\n21\nB6\nSerious delinquency, derogatory public record or collection filed\n22\n22\n22\nNumber of bank or national revolving accounts with balances\n23\nn\/a\n23\nM6\nNo recent revolving balances\n24\n24\n24\nG6\nLength of time installment loans have been established\n25\nn\/a\n25\nJ4\nNumber of revolving accounts\n26\n26\n26\nN6\nNumber of established accounts\n28\n28\n28\nN2\nNo recent bankcard balances\nn\/a\n29\n29\nG3\nTime since most recent account opening too short\n30\n30\n30\nK2\nToo few accounts with recent payment information\n31\nn\/a\n31\nR2\nLack of recent installment loan information\n32\n4\n32\nF7\nProportion of loan balances to loan amounts is too high\n33\n3\n33\nP9\nAmount owed on delinquent accounts\n34\n31\n34\nA6\nLength of time open installment loans have been established\nn\/a\nn\/a\n36\nJ6\nNumber of consumer finance company accounts established relative to length of consumer finance history\nn\/a\nn\/a\n37\nN0\nSerious delinquency and public record or collection filed\n38\n38\n38\nD8\nSerious delinquency\n39\n39\n39\nD7\nDerogatory public record or collection filed\n40\n40\n40\nD4\nPayments due on accounts\nn\/a\nn\/a\n46\nX0\nLength of time consumer finance company loans have been established\nn\/a\n98\nn\/a\nJ3\nLack of recent auto finance loan information\n98\nn\/a\nn\/a\nF3\nLack of recent auto loan information\nn\/a\n97\n98\nF4\nLack of recent consumer finance company account information\n99\n99\n99\nF6 END