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Auto Insurance Reason Code Number of Vehicle Related Accounts Reported in Last 12 Months What information is this message derived from?

April 26, 2017accounts auto insurance code months reported vehicle

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Auto Insurance Reason Code Number of Vehicle Related Accounts Reported in Last 12 Months What information is this message derived from?

1 Answer

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Vehicle related accounts refer to tire dealers, auto parts stores, service stations, and new and used car lots, truck and farm equipment dealers. A vehicle related account is considered open if it has been reported in the last 12 months and has no closed narrative indicators. Installment type accounts must have a balance greater than $0 to be considered open.