A Credit Report can be a bit difficult to understand. Here is a breakdown of the terminology and common codes used in TransUnion credit reports.
ECOA (Equal Credit Opportunity Act) Inquiry and Account Designators
| A | Authorized user of shared account |
| C | Joint contractual liability |
| I | Individual account for sole use of customer |
| M | Account for which subject is liable, but co-signer has liability if the maker defaults |
| P | Participant in shared account which cannot be distinguished as C or A |
| S | Account for which subject is co-signer and becomes liable if maker defaults |
| T | Relationship with account terminated |
| U | Undesignated |
| X | Deceased |
Type of Account
| O | Open Account (30, 60 or 90 days) |
| R | Revolving or Option |
| I | Installment |
| M | Mortgage |
| C | Check credit (line of credit) |
Date Indicators
| A | Automated |
| C | Closed |
| D | Declined |
| F | Repossessed/Written Off/Collection |
| I | Indirect |
| M | Manually Frozen |
| N | No Record |
| P | Paid Out |
| R | Reported |
| S | Slow Answering |
| T | Temporarily Frozen |
| V | Verified |
| X | No Reply |
MOP Current Manner of Payment
| 00 | Not rated, too new to rate, or approve but not used |
| 01 | Pays as agreed |
| 02 | 30–59 days past the due date |
| 03 | 60–89 days past the due date |
| 04 | 90–119 days past the due date |
| 05 | 120 days or more past the due date |
| 07 | Paying or paid under Wage Earner Plan or similar arrangement |
| 08 | Repossession |
| 8A | Voluntary repossession |
| 8D | Legal repossession |
| 8P | Paying or paid account with MOP 08 |
| 8R | Repossession; redeemed |
| 09 | Charged off to bad debt |
| 9B | Collection account |
| 9P | Paying or paid account with MOP 09 or 9B |
| UC | Unclassified |
| UR | Unrated |
KOB Kind of Business Classifications
| A | Automotive |
| B | Banks and S&L |
| C | Clothing |
| D | Department, Variety and Other Retail |
| E | Employment |
| F | Finance, Personal |
| G | Groceries |
| H | Home Furnishings |
| I | Insurance |
| J | Jewelry, Cameras and Computers |
| K | Contractors |
| L | Lumber, Building Material, Hardware |
| M | Medical and Related Health |
| N | Credit Card and Travel/Entertainment Companies |
| O | Oil Companies |
| P | Personal Services Other Than Medical |
| Q | Finance Companies, Other Than Personal Finance Companies |
| R | Real Estate and Public Accommodations |
| S | Sporting Goods |
| T | Farm and Garden Supplies |
| U | Utilities and Fuel |
| V | Government |
| W | Wholesale |
| X | Advertising |
| Y | Collection |
| Z | Miscellaneous |
Information provided by TransUnion June, 2011