A.2.4 Bank Trades / Inquiries
Applicant Credit Bureau 12month Bank Trades
This is the number of bank trades that have been opened in the last 12 months. Note that these trades may now be open or closed, paid as agreed, delinquent, or derogatory, and so on.
Applicant Credit Bureau 24month Bank Trades
This is the number of bank trades that have been opened in the last 24 months. Note that these trades may now be open or closed, paid as agreed, delinquent, or derogatory, and so on.
Applicant Credit Bureau 6month Bank Trades
This is the number of bank trades that have been opened in the last 6 months. Note that these trades may now be open or closed, paid as agreed, delinquent, or derogatory, and so on.
Applicant Credit Bureau Bank Inquiries
This is the number of bank inquiries against the bureau in the applicant's recorded bureau history.
Applicant Credit Bureau Bank Trades
This is the number of open bank trades on the account. Note that bank trades can be considered a sub type to installment, mortgage, and / or revolving Lease.
Applicant Credit Bureau Bank Trades
Total number of bank trades that are paid on time right now. These trades may or may not have been delinquent in the past.
Applicant Credit Bureau Bank Trades
This is the number of bank trades that are open right now. Note that these trades may now be open or closed, paid as agreed, delinquent, or derogatory, and so on.
Applicant Credit Bureau Bank Trades
This parameter shows the current revolving bank balance. If the revolving credit is owned by a bank, then it will show up here.
Applicant Credit Bureau Bank Trades
Note:
If the applicant had $5,000 on one account 2 years ago and $10,000 on another account 4 years ago, this parameter would return $15,000. The parameter is of questionable utility in many situations.Applicant Credit Bureau Bank Trades
Total number of bank trades paid as agreed (no delinquencies) for the entire life of the trade. This could be a few months or several years- the parameter makes no distinction.
Applicant Credit Bureau Bank Trades
The rating code used for this parameter is the same rating code system displayed for the tradelines. The different bureaus use different systems so Oracle Financial Services Lending and Leasing changes them to a common format that is used in the scoring:
1 = current
2 = 30-59 days late
3 = 60-89 days late
4 = 90-119 days late
5 = 120-149 days late
6 = 150- days late
7 = involved in a bankruptcy
8 = repossession, foreclosure
9 = charge-off
Parent topic: Scoring Parameters by Category