Loan and Business Types

The CREDIT_RESPONSE.CREDIT_LIABILITY array contains a set of objects that represent the loans, obligations, and other financial liabilities that appear on a customer's credit report. The @CreditLoanType and @CreditBusinessType properties within each object describe the type of liability, and the business type of the liability's creditor, respectively.

For example, here we see a charge account at a home furnishings store:

"CREDIT_LIABILITY": [
  {
    "@BorrowerID": "Borrower01",
    "@CreditLoanType": "ChargeAccount",
    "@CreditBusinessType": "HomeFurnishing",

    ....

The following sections list the values that the @CreditLoanType and @CreditBusinessType properties can take.

Credit Loan Types

Array's credit loan type values comprise the constants defined by the MISMO standard (the standard that defines the values that are in a credit report) plus a few that Array has added at the request of our clients. As an example of an addition, MISMO defines AutoLease, a loan type that TransUnion calls AutoLoan; a TransUnion-based client wanted to see AutoLoan rather than AutoLease so we added it to our list.

While our credit loan type list is likely to be semantically complete (we cover all the “meanings”, sometimes redundantly), we make no guarantee that we include every literal value that the bureaus define. If you have a favorite credit loan type value that we don't include in this list, contact Array Client Success.

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Non-MISMO values are marked with an asterisk.

AgricultureFamilySupportNoteLoan
AirplaneFarmersHomeAdministrationFHMANoteLoanWithComaker
ApplianceOrFurnitureFederalConsolidatedLoanOther
AttorneyFeesFHAComakerNotBorrowerPartiallySecured
AutoLeaseFHAHomeImprovementPersonalLoan
AutoLoan*FHARealEstateMortgageRealEstate*
AutoLoanEquityTransferFinanceStatementRealEstateJuniorLiens
AutomobileFlexibleSpendingCreditCard*RealEstateLoanEquityTransfer
AutoRefinanceGovernment*RealEstateMortgageWithoutOtherCollateral
BiMonthlyMortgageTermInYearsGovernmentBenefitRealEstateSpecificTypeUnknown
BoatGovernmentEmployeeAdvanceRecreational
BusinessGovernmentFeeForServiceRecreationalMerchandise*
BusinessCreditCardGovernmentFineRecreationalVehicle
CamperGovernmentGrantRefinance
ChargeAccountGovernmentMiscellaneousDebtRefundAnticipationLoan
CheckCreditOrLineOfCreditGovernmentOverpaymentRentalAgreement
ChildSupportGovernmentSecuredDirectLoanResidentialLoan
CollectionGovernmentSecuredGuaranteeLoanReturnedCheck
CollectionAttorneyGovernmentUnsecuredDirectLoanRevolvingBusinessLines
ComakerGovernmentUnsecuredGuaranteeLoanSecondMortgage
CombinedCreditPlanHomeEquitySecured
CommercialCreditObligationHomeEquityLineOfCreditSecuredByCosigner
CommercialLineOfCreditHomeImprovementSecuredCreditCard
CommercialMortgageHouseholdGoodsSecuredHomeImprovement
ConditionalSalesContractHouseholdGoodsAndOtherCollateralAutoSemiMonthlyMortgagePayment
ConditionalSalesContractRefinanceHouseholdGoodsSecuredSinglePaymentLoan
ConsolidationInstallmentLoanSpouseSupport
ConstructionLoanInstallmentSalesContractSummaryOfAccountsWithSameStatus
ConventionalRealEstateMortgageInsuranceClaimsTelecommunication/Cellular*
CreditCardLeaseTimeSharedLoan
CreditLineSecuredLenderPlacedInsuranceTitle1Loan
DebitCardLineOfCredit*UnknownLoanType
DebtCounselingServiceManualMortgageUnsecured
DeferredStudentLoanManufacturedHomeUtilityCompany
DepositRelatedMedicalDebtV.A.RealEstateMortgage*
EducationalMobileHomeVeteransAdministrationLoan
EmploymentMobilePhoneVeteransAdministrationRealEstateMortgage
FactoringCompanyAccountMortgage

Credit Business Types

AdvertisingFinanceOilAndNationalCreditCards
AutomotiveGovernmentPersonalServicesNotMedical
BankingGroceryRealEstateAndPublicAccommodation
ClothingHomeFurnishingSportingGoods
CollectionServicesInsuranceUtilitiesAndFuel
ContractorsJewelryAndCameraWholesale
DepartmentAndMailOrderLumberAndHardware
EmploymentMedicalAndHealth
FarmAndGardenSuppliesMiscellaneousAndPublicRecord