Facts

• "No Adverse Factor" is Code 00 and is used as a part of the FICO Classic 98 and FICO Classic 04 scoring models. This code indicates that no information appearing on the credit report negatively impacts the score.
  
  

Time Frame

• Code 00 appears only on credit reports that were pulled before 2008. In 2008, FICO released the new scoring model, "FICO 08," which does not contain a scoring code for credit reports that lack any derogatory information.
  
  

Considerations

• It is extremely uncommon for an individual to be assigned Code 00. Even minor credit report entries, such as credit inquiries, can negatively impact a score. If a credit report lacks any adverse factors, it is pristine.
  
  

Benefits

• Having a credit report with no adverse factors will allow you to qualify for the best rates possible when applying for loans or credit.
  
  

Warning

• It is possible to have no adverse factors on one credit bureau's report, yet have derogatory information appear on another. This is due to the fact that some creditors do not report their accounts to all three credit bureaus.