Reading a Trak-1 Technology/Equifax Credit Report
Account
Type/Status
Installment
Account
(Fixed
Number
of
Payments)
Revolving
or
Option
Account
(Open
Ended)
Open
Account
(30,
60,
or
90
‐
Day
Account)
Meaning
I0
R0
O0
Account
is
too
new
to
rate.
I1
R1
O1
Account
is
pays
as
agreed.
I2
R2
O2
Account
is
no
more
than
two
payments
past
due.
I3
R3
O3
Account
is
no
more
than
three
payments
past
due.
I4
R4
O4
Account
is
no
more
than
four
payments
past
due.
I5
R5
O5
Account
is
more
than
120
days/four
payments
past
due.
I7
R7
O7
Account
holder
is
making
regular
payments
under
WEP.
I8
R8
O8
Account
has
been
repossessed.
I9
R9
O9
Account
is
bad
debt
and
has
been
placed
for
collection.
IA
RA
OA
Account
is
inactive.
IB
RB
OB
Account
contains
a
lost
or
stolen
card.
IC
RC
OC
Please
contact
member
for
status.
ID
RD
OD
Account
has
been
refinanced
or
renewed.
IE
RE
OE
Account
holder
is
deceased.
IF
RF
OF
Account
holder
is
in
financial
counseling.
IG
RG
OG
Account
has
been
placed
in
foreclosure.
IH
RH
OH
Account
is
in
WEP
of
other
party.
IJ
RJ
OJ
Account
is
pending
an
adjustment.
IM
RM
OM
Account
is
included
in
Chapter
13.
Definitions
SSN
Verified
–
The
correct
social
security
number
has
been
provided
to
the
Credit
Bureau
and
the
applicant
has
at
least
three
active
trade
lines.
SSN
Not
Verified
(W/Credit
History
Returning)
–
The
applicant
either
a)
does
not
have
three
or
more
active
lines,
or
b)
has
not
provided
a
social
security
number
that
is
correct
and/or
close
enough
for
the
Credit
Bureau
to
return
information.
SSN
Not
Verified
(W/No
Credit
History
Returning)
–
An
invalid/incorrect
social
security
number
has
been
provided
or
the
applicant
simply
does
not
have
enough
established
credit
history
to
verify
the
social
security
number.
This
is
most
common
in
younger
or
older
applicants.
Trade
Lines
–
An
account
listed
under
the
account
section
of
the
credit
report.
This
may
include
credit
cards,
loans,
or
any
account
type
in
which
payments
are
made.
Affiliated
Addresses
–
The
addresses
supplied
to
the
Credit
Bureau
by
the
applicant’s
creditors.
Affiliated
Employers
–
The
employers
supplied
to
the
Credit
Bureau
by
the
applicant’s
creditors.
Public
Records
Filings
–
Tax
Liens,
lawsuits
and
other
civil
judgments
in
which
the
applicant
has
debt
obligations.
Bankruptcies
–
Legally
declared
inability
or
impairment
of
an
individual
to
pay
its
creditors.
Collections
Items
–
Items
in
which
the
original
creditor
has
sold
the
account
to
a
Collection
Agency.
Accounts
–
See
“Trade
Lines.”
Agency/Number
–
The
creditor’s
name
and
unique
credit
bureau
number.
Type/Status
–
The
type
and
status
of
the
account.
Please
see
above
chart
for
detailed
descriptions.
Date
Opened
–
The
date
the
applicant
opened
the
account
with
the
creditor.
Last
Reported
–
The
date
the
credit
has
last
reported
information
to
the
credit
bureau
for
the
account.
High
Credit
–
This
number
usually
indicates
a
credit
card’s
limit
or
a
loan’s
original
amount.
Terms
–
The
set
payment
amount
or
set
time
to
pay
off
the
account.
Balance
–
The
balance
of
the
account
as
of
the
Last
Reported
Date
(see
above).
Past
Due
–
Amount
of
the
account’s
balance
which
is
past
due
for
payment.
Last
Activity
–
The
last
date
the
applicant
has
used
the
account
as
reported
by
the
creditor.
24
‐
Month
History
–
The
applicant’s
24
‐
month
payment
history
as
defined
by
an
asterisk
(*),
meaning
the
payment
is
on
time
or
unreported,
and
numbers
(please
see
above
chart
for
detailed
descriptions).
Summary
of
Accounts
–
The
Trak
‐
1
Technology
generated
account
summary.
Credit
%
(Trak
‐
1
Summary
Page)
–
Generated
by
Trak
‐
1
Technology,
this
score
is
based
off
of
the
number
of
accounts
considered
in
good
credit.
Beacon
Score
–
An
Equifax
generated
score.
FICO
Score
–
Fair
Isaac
Corporation
credit
score.
A
credit
score
which
takes
into
account
many
factors
of
one’s
credit.
The
score
ranges
from
low
(300)
to
high
(850).
Inquiries
–
The
names
and
dates
of
companies
which
have
check
a
person’s
credit
report
in
the
past.
Consumer
Comments
–
Any
comment
an
applicant
may
have
placed
in
the
past
on
their
credit
report.
This
is
most
often
used
to
protect
the
applicant
from
potential
identity
theft.
