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  • Client Identifications– Name, Date of Birth, Address, Previous Address, Employment History.

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  • Public Records– Information derived from the public court systems regarding financial records, tax liens, foreclosures, bankruptcies and child support.

  • Trade lines– These items can consist of credit cards, home loans, auto loans, monthly installment loans, etc.

  • Collections– Accounts reported to collection agencies that are considered unpaid/and or negative debt.

  • Inquiries– Companies and or individuals that have pulled your credit for the purposes of monitoring your credit, credit approval, and or pre-approval. Some inquiries are only seen by the consumer and any inquiry done by a consumer does not affect their credit score.

How to Read a Credit Report?

CREDIT BREAKDOWN

New Accounts

  • New Accounts

  • Number Of Recent Inquiries

  • How Many Accounts Have Been Established

This Affects your score by 10%

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Length Of Your Credit History

  • How Long Have Your Accounts Been Open

This Affects Your Scrore By 15%

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Types of Credit

Make sure that you have different kinds of accounts open. 

  • Credit Cards

  • Mortgage Loans

  • Auto Loans

  • Retail Credit.

This affects your Score By 10%.

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Amounts that you Owe

The proportion of balances to the actual credit limit! Most people max out their cards not knowing that it affects their score!

  • Number of accounts with a balance

  • Amount owed on certain accounts

This affects your score by 30%

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Payment History

Examples are,

  • How many times you have been late.

  • How delinquent are your accounts

  • The number of delinquent accounts you have.

This is why it is extremely important to pay your bills on time!!!

This affects your score by 35%

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