The credit history allows you to see your applicant’s payment history, and therefore any late payments they may have made.
These delays are coded as follows:
1: No delay
2: 30 days overdue
3: 60 days overdue
4: 90 days overdue
5: 120 days overdue
7: Payment Program
8: Repossession
9: Recovery.
Sometimes you may see a series of “9”’s in the payment history. This means that your applicant has been written off for non-payment of the account in question.
Here is an example of a payment history. The candidate being screened is overdue on all his accounts.
Other questions
What Is the Impact of a Credit Check?
What to Do When the Information Received is Masked by “X”?
What Does Unavailable SIN Mean?
What Do the Jobs Posted on the Credit Report Mean?
What Are the Differences Between the Types of Accounts That Appear on the Report?
How Do I Track my Application?
How to Interpret the Credit Score Result?
Why Does my Report Show Discrepancies Between the Entered and Received Information?
Why Is There No Information on the Credit Report That I Received?
