TransUnion codes
Q: I have a question on TransUnion codes. Got my credit report and can't quite figure out what 09P means? Also I have R03 codes in two places. My TransUnion credit score is only 574.
A: TransUnion code 09P most probably stands for bad credit charge off. Is that on the far right under under MOP column and under Collections section? 09 code is for a charge off and 'P' is likely just a date indicator.
TransUnion R03 codes indicate your revolving accounts which are more than 60 but less than 90 days past the due payment dates. Basically it sounds like you have two bad credit card accounts which are over 60 days late. No wonder your credit score is low.
Here are the TransUnion codes for account type and how you pay those accounts.
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)
Current Manner of Payment
00 - Not rated, too new to rate, or approved 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
See more credit report codes that you can encounter.
Mon Jun 29, 2009 12:06PM by Tony | More in Credit Bureaus | Comments (0)
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