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Experian Credit Report Format
If you need special formatting, credit
scoring, or decision rules, the MERit Credit Engine can provide Experian credit results
in database
tables or as XML, but it can also provide human-readable credit reports to your
application in the standard TTY Experian layout.
API Keywords allow you to specify whether the reports are generated by MCE
from the Experian ARF System 7 data, or by Experian itself, as part of its
NetConnect response. In either case, the Merit Credit Engine User Guide
shows how it is an easy matter for credit
software developers to pass the text report to the end-user to display or
print.
Experian format is
illustrated and described below.
Experian Layout
 1.
Inquiry Data Shows the request data including operator initials,
consumer name, SSN, current address, and keywords.
2. Report Header.
Appears at the top of reports to identify the operator, a user reference (if
provided) and the timestamp.
3. The consumer's name
and address, as known to Experian. (An asterisk may indicate an
address discrepancy.)
4. Social security number.
May include other numbers the consumer has used, or an erroneous SSN
reported by creditors.
5. Employment history
includes employers and dates reported.
6. RPTD
indicates when the address was reported. LAST SUB is the last
Experian subscriber reporting it. A former address is often included.
7. Date of Birth.
8. Aliases and AKA
names. A maiden name may appear here, as well as nicknames, typing errors,
and data input variations.
9. Demographics
(Experian option.) PH - Phone number, coded for source and type. DL
- Drivers license. HM - Homeowner or renter.
10. Fraud Shield Summary
(Experian option, formerly FACS+) warns you of potentially fraudulent or
inconsistent information based on the inputted address, date of birth, phone
number, drivers license and Social Security number.
11. Profile Summary
(Experian option.) CNT shows the count of 30, 60, 90, and 7-year
total derogatory trade items. PAST DUE AMT is the total of past due
amounts. NOW DEL/DRG is how many accounts show current derogatory status.
OLD TRADE indicates credit experience, based on the oldest account.
12. Risk Models
(Report option or bureau preset.) FICO or other credit scores
appear here, along with the most significant Score Factors
(reason codes) for the particular consumer.
13. Public
Records may include bankruptcy, judgments, tax liens, etc.
Line 1 shows court name, filing date, status date, court code,
amount, and type of public record. Line 2 shows reference
number, ECOA code and plaintiff. Line 3 shows book page, docket
number, and consumer's comment, if applicable.
14. Trades
are the main body of the report, and may include installment
loans, revolving accounts, mortgages, collections and other
accounts, whether open or closed.
| A. |
SUBSCRIBER - The lender |
| B. |
SUB# - The lender's subcode (member number) with
Experian. |
| C.
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Account Number - The consumer's account number
with the lender. May be partially masked with asterisks. |
| D.
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KOB - Kind of Business code.
The first letter indicates the main classification.
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| E. |
TYPE - The type of loan. For example, AUT
is an auto loan, REV is a revolving account. |
| F. |
TERM - Term of loan in months. REV indicates
Revolving. |
| G.
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ECOA - 1=Individual, 2=joint (such as husband
and wife), etc. ECOA is Equal Credit Opportunity Act. |
| H. |
OPEN - Date the account was opened. |
| I. |
BALANCE DATE and LAST PAYMENT - Date of the
balance and last payment. |
| J. |
AMOUNT - An amount, and a code identifying the
amount, such as original loan amount, credit
limit, highest balance, or charge-off. |
| K. |
BALANCE, MONTHY PAY - Balance and the monthly
payment. |
| L.
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AMOUNT 2 - Another amount, with a designation as
to the amount type. |
| M.
|
PYMT LEVEL - Date the account reached the
current status.
PAST DUE - The amount past-due. |
| N.
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ACCOUNT CONDITION - Open, closed, etc. |
| O. |
MONTHS REVIEWED - How many months payment history are on
file.
MAXIMUM - Date the worst status was reached |
| P. |
PAYMENT STATUS - collections, current, delinquent 30 days, etc. |
| Q. |
PAYMENT HISTORY BY MONTH -
Codes from left to right by month indicate whether current, current with a zero balance, 30, 60 days past due, etc.
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15.
Inquiries shows the Experian subscribers that have recently
requested the credit report, by name, date, subscriber code, and
kind of business (with type, terms and amount, in some cases.)
16. Consumer
Assistance Contact provides Experian's address and phone
number (to be given to the consumer with any adverse action
notice based on this credit report.)
17.
Consumer's Statement is a short message added to the credit
file by request of the consumer, typically to dispute or explain
derogatory items that were not successfully removed.
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The information bands on the credit profile may vary, depending on which Experian
products or add-on options you've chosen, and your bureau settings.
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Product and company names mentioned herein are the property of their respective owners.
You must have account(s) and valid log-in credentials with whichever credit reporting agencies
you intend to access with the Merit Credit Engine software. Merit Credit Systems is a software
provider only, is not affiliated with any credit bureau, and does not act as a provider,
pass-through, or reseller of consumer credit reports.
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