A.2.10 Revolving Trades
Applicant Credit Bureau 12month Rev Trades
This is the number of revolving 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 Rev Trades
This is the number of revolving 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 Rev Trades
This is the number of revolving 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 Current Rev Trades
Total number of revolving trades that are paid on time right now. These trades may or may not have been delinquent in the past.
Applicant Credit Bureau Open Rev Trades
This is the number of open revolving trades on the account. Note that these trades may be paid as agreed, delinquent, derogatory, and so on. The parameter makes no distinction.
Applicant Credit Bureau Rev Balance
This is the total revolving credit balance shown on the applicant's credit bureau. This applies to all open revolving trades.
Applicant Credit Bureau Rev High Balance
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 Rev Retail Balance
This is the current revolving retail trade balance shown on the applicant's credit bureau. This applies to all open retail trades. It shows current, not historical, information.
Applicant Credit Bureau Rev Retail High Balance
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 Rev Trades
This is the number of revolving trades, both open and closed. Note that these trades may be paid as agreed, delinquent, derogatory, and so on. The parameter makes no distinction.
Applicant Credit Bureau Satisfactory Rev Trades
Total number of revolving 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 Worst Rev Trade
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: Credit Scoring Parameters by Category