Reason Codes on a Credit Report – What do They Really Mean?

Written By: James Hogle, Executive Director, www.USCCRA.com. If you would like a free credit review, email us at info@usccra.com.


In the mortgage market we call them reason codes. FICO® actually calls them Score Factors. So what do they mean?

There are 20 reason codes that can show up on a credit report. A mortgage credit report will usually list four. Here are the 20 Reason Codes (Score Factor) that can show up on a mortgage credit report.

Included in this article is a download called Credit Scoring: Top 20 Reason Codes And How They Affect The FICO Score.

This flyer lists all the reason codes so you can give to your clients (and real estate agents) to help them add a few extra points to their credit scores, too.

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