Past-due accounts are noted on Equifax like this: Thus, if you’re 30-59 days past due on an account, it will say: 30.
Negative xp trans code#
So the length of your time that your payment was past due will typically serve as the number code used. When it comes to missed payments, Equifax uses number codes to indicate the severity of your delinquency. Negative Codes on an Equifax Credit Fileįor instance, here are a host of credit problems you may have faced, along with the Equifax letter code that summarizes or abbreviates the problem. This NR code is neutral it’s not positive or negative for your credit file.īut pretty much everything else shows that you have credit blemishes. The vast majority of other notations indicate negative marks on your Equifax credit file, although there are a few exceptions to this.įor example: if a creditor simply didn’t report information about you for some reason in a given month or year, that account history will be classified as “Not Reported” and you will see a code that says NR. That’s because an asterisk (*) symbol on an Equifax credit report means “pays or paid as agreed.” Overall, you want to see a lot of asterisk signs that look like this: *. Therefore, the meaning of the numbers, letters and symbols used in Equifax credit reports are generally pretty easy to understand. Your payment history breakdown is fairly straightforward in Equifax credit files. Here is an explanation of the different codes and abbreviations you’ll find on your consumer credit files, depending on which credit report is being examined. When you’re trying to get approved for a mortgage, an auto loan, a student loan, or even just a credit card, it’s bad news to have certain kinds of codes showing in your credit reports. So these three credit-reporting agencies use various codes – such as numbers, letters or symbols – as a shorthand to signal how well (or how poorly) you’ve managed your credit. The three main credit bureaus - Equifax, Experian and TransUnion - each have their own way of describing your payment history. If you’ve requested your credit reports recently – or only peeked at them after a bank or another lender pulled your credit files – you may be wondering about some cryptic-looking codes and abbreviations you saw.
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