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What does Gecrb stand for?
General Electric Capital Retail Bank
“GECRB” is a code used by credit reporting agencies. It stands for General Electric Capital Retail Bank. That was the name of GE’s financial division before it became Synchrony Bank in 2015. If you have a credit card originally issued by GE Capital, that would explain the “GECRB” notation on your credit report.
What do the letters mean on a credit report?
The letter “R” stands for revolving credit and refers to credit card accounts. Mortgage loans appear as an “M,” while “C” stands for credit lines such as home equity loans. If you see an “O” it refers to open accounts which may last 30, 60 or 90 days.
What is Equifax credit?
The credit score provided is a VantageScore® 3.0 credit score based on Equifax data. Third parties use many different types of credit scores and are likely to use a different type of credit score to assess your creditworthiness.
What does an Experian credit report show?
In a nutshell, it provides lenders a summary of how well you manage your finances, including things like your mortgage, credit cards, overdrafts, loans, mobile phone contract, and even utilities such as gas, electricity and water.
What does 9 mean on credit report?
9 = 66, 67, 86, 88, 91, 92, 93, 97. N = Current account/zero balance — no update received for this trade. 0 = Current with Zero balance reported on tape. – = No history reported that month.
What does P mean on Equifax report?
Not Reported – Repayment data was not reported for this period. P. Pending – Repayment data has not yet been reported for this period (applies only if the period is the month preceding the enquiry) T. Transferred – account transferred to another credit provider.
How far back does a hard credit check go back?
12 months
Most hard searches will stay on your credit report for 12 months – although some, such as debt collection checks, can stay for longer.
Will Equifax remove late payments?
Once a late payment is reported to one of the credit bureaus (Experian, TransUnion or Equifax), it can stay on your credit report for up to seven years. Most negative information, late payments included, will be removed from your credit reports after seven years.
Why are closed accounts on my credit report?
If you have closed credit card accounts, your credit report will indicate whether the account was closed by you or by the account issuer. You might close an account because of fees or poor service. The account issuer might close one because of default, late payments or inactivity.