The CREDIT_LIABILITY array (a subproperty of CREDIT_RESPONSE) contains a set of objects that represent the loans, obligations, and other financial liabilities that appear on a customer's credit report. The _CURRENT_RATING subobject provides a quick assessment of an account's health as...

...a descriptive constant (the @_Type property) and as...
...a single-character code (@_Code).

As an example, here we see an account that's 30 days late.

"CREDIT_LIABILITY": [
  {
    "@BorrowerID": "Borrower01",
    "@CreditBusinessType": "Banking",
    ...
    "_CURRENT_RATING": {
      "@_Type": "Late30Days", // The account's descriptive constant.
      "@_Code": "2" // The account's single-character code.
    },
    ...

The @_Code values listed here are also used (as values of the @_Value property) in the CREDIT_SUMMARY section of the report. See Credit Summary Attributes: Account Ratings for a list of a report's account rating attributes.

Descriptive Constants

The descriptive constants that you'll see in the @_Type property are listed and described below. The descriptions are verbatim from MISMO.

`@_Type`	Description
`AsAgreed`	Account is being paid on time and according to terms of the credit agreement.
`BankruptcyOrWageEarnerPlan`	The exact type could not be determined.
`ChargeOff`	The account was not paid on a timely basis and the debt is being written off as uncollectible by the creditor.
`Collection`	Account has not been paid on a timely basis and is been turned over to an attorney or agency for collection.
`CollectionOrChargeOff`	The exact type could not be determined.
`Foreclosure`	Legal proceedings have been initiated to sell property to settle debt on an unpaid balance.
`ForeclosureOrRepossession`	The exact type could not be determined.
`Late30Days`	Account is between 30 and 59 days past due.
`Late60Days`	Account is between 60 and 89 days past due.
`Late90Days`	Account is betwen 90 and 119 days past due.
`LateOver120Days`	Account is 120 days or more past due.
`NoDataAvailable`	Status of the account is not known.
`Repossession`	Account has not been paid on a timely basis and proceedings have been initiated to repossess collateral property to partially of fully satisfy the debt.
`TooNew`	Account has been recently established and is too new to rate payment history.
`WageEarnerPlan`	Past due debt on an account is being paid according to terms established by a court or agreement with the creditor.

Single-character Codes

The value of the @_Code property depends on the rating system that the report is using, as declared in the report's [email protected] property. There are two rating systems, one defined by Equifax and another by Experian:

{
  "CREDIT_RESPONSE": {
    "@MISMOVersionID": "2.4",
    "@CreditRatingCodeType": "Equifax", // Rating system is Equifax
    ...

{
  "CREDIT_RESPONSE": {
    "@MISMOVersionID": "2.4",
    "@CreditRatingCodeType": "Experian", // Rating system is Experian
    ...

With a single exception (the letter "C" in the Experian system) the rating codes are numeric. The lower the number, the healthier the account.

Equifax Codes

The descriptions are verbatim from Equifax.

`@_Code`	Description
`0`	Too new to rate; approved but not used.
`1`	Pays (or paid) within 30 days of payment due date or not more than one payment past due.
`2`	Pays (or paid) in more than 30 days from payment due date, but not more than 60 days, or not more than two payments past due.
`3`	Pays (or paid) in more than 60 days from payment due date, but not more than 90 days, or not more than three payments past due.
`4`	Pays (or paid) in more than 90 days from payment due date, but not more than 120 days, or four payments past due.
`5`	Account is at least 120 days overdue but is not yet in collections.
`6`	There is no `6` in the Equifax rating system
`7`	Making regular payments under a consolidation order or similar arrangement.
`8`	Repossession (voluntary or involuntary return of merchandise).
`9`	Bad debt; placed for collection.

Experian Ratings

The descriptions are verbatim from Experian.

`@_Code`	Description
`C`	Current
`1`	30 days late
`2`	60 days late
`3`	90 days late
`4`	120 days late
`5`	150 days late
`6`	180 days late
`7`	Bankruptcy
`8`	Repossession
`9`	Collection/chargoff