Credit Report FAQ Credit Report

8/6/2019 Credit Report FAQ Credit Report

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Reference #:F98419113 Original Report Date: 06/27/2011

Name:Madalene Mickey DOB: 12/05/1930Address: 1623 Portage Avenue Unit 5 Chesterton, IN 46304

Your credit score is based on information from your 3 Bureau Merged credit report. The higher your score is, the better chance you have of getting the credit you apply for.

Your credit score based on yourEquifax credit report is 691 on a scale of 352-848Experian credit report is 723 on a scale of 352-848TransUnion credit report is 719 on a scale of 352-848

Your credit score is based on information from your 1-bureau (Equifax) credit report. The higher your score is, the better chance you have of getting the credityou apply for.

Your credit score based on your Equifax report is 691 on a scale of 352-848 .

Your Score

The oldest bank revolving account, HSBC BANK has been open for a period of 60 month(s).This type of account is typically accessed via a credit card. There is a creditlimit, the balance can be carried over from month to month, and the minimum monthly payment is calculated on a percentage of the unpaid balance. Lenders like tosee all accounts reflect a good payment history over time. Recently opened accounts can indicate an increase in available credit and other changes to your overall credit picture. Lenders typically like to see how you handle your availablecredit and recently opened accounts may make it difficult to gauge credit worthiness and your ability to manage debt. The time frames for considering an account

recent are typically short (6-12 months). If you pay your bills on time for these and all other accounts, their negative impact on your score should be quicklyreduced.Your credit report contains 0 mortgage(s).These accounts are loans to finance the purchase of real estate, usually with specified payment periods and interest rates. Lenders like to see a good mix of account types and loans on a credit report with all accounts showing good paymenthistory. They want to see that other lenders have extended you credit and that you have managed it with care. A low number of accounts in any one type may indicate an inability to establish credit. It may also make it difficult to gauge credit worthiness and your ability to manage debt. An additional account of this type may help increase your score. However, taking on more debt than you can handle will almost always negatively impact your score to a greater degree than not h

aving enough accounts.

Confidential Credit Smart Score (Smart Score) is provided solely as a tool to as


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sist you in better understanding how lenders evaluate your credit reports. The score is for educational purposes only, and does not qualify you for any loan. Your lender may use a scoring model that differs from the one used by Smart Score.As a result, your Smart Score and the factors we have identified as contributing to your Smart Score may vary from the score produced by your lender's scoringmodel and the score factors identified by that model. In addition, a credit score is only one of many factors used by a lender in underwriting loans, and such o

ther factors may affect a lender's credit decision. Each lender has its own underwriting criteria, and the weight given to a particular credit score by lendersmay differ.

The explanatory materials accompanying your Smart Score are not intended to be a"quick fix" for improving your credit score. Since under most scoring models, in order to improve your credit score, you must concentrate on paying your billson time, paying down outstanding balances, maintaining the proper amount and mixof debt, and developing a consistent track-record of being able to handle youraccounts over a significant period of time, it is likely to take some time to meaningfully improve your credit score. Moreover, the operation of the factors used credit scores is complex, and a change intended to improve a specific factor m

ay backfire and result in an overall decline the score. For example, while opening new accounts may improve a person's debt mix, it may also lower the average account age and increase the amount of debt owed resulting in an overall lower credit score.

The explanatory materials are general in nature, and should not be construed asadvice in handling your financial problems or making financial decisions. If youare having trouble paying your bills, you should contact a non-profit or otherlegitimate credit counselor. Rather, the explanatory materials have been provided solely to help you understand how specific features in your credit report arereflected in your Smart Score. Therefore, you should use the materials for educational purposes only.

Your credit score is based on information from your 1-bureau (Experian) credit report. The higher your score is, the better chance you have of getting the credit you apply for.

Your credit score based on your Experian report is 723 on a scale of 352-848 .

Your Score

Your credit report contains 0 mortgage(s).These accounts are loans to finance the purchase of real estate, usually with specified payment periods and interest rates. Lenders like to see a good mix of account types and loans on a credit report with all accounts showing good paymenthistory. They want to see that other lenders have extended you credit and that you have managed it with care. A low number of accounts in any one type may indicate an inability to establish credit. It may also make it difficult to gauge credit worthiness and your ability to manage debt. An additional account of this type may help increase your score. However, taking on more debt than you can handl

e will almost always negatively impact your score to a greater degree than not having enough accounts.Your credit report contains 0 revolving account(s) from banks.


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These are revolving accounts issued by banks. You can access anything up to thecredit limit at anytime and pay it back over time. These are typically credit cards or lines of credit. Lenders like to see a good mix of account types and loans on a credit report with all accounts showing good payment history. They want to see that other lenders have extended you credit and that you have managed it with care. A low number of accounts in any one type may indicate an inability toestablish credit. It may also make it difficult to gauge credit worthiness and y

our ability to manage debt. An additional account of this type may help increaseyour score. However, taking on more debt than you can handle will almost alwaysnegatively impact your score to a greater degree than not having enough accounts.Your credit report contains 4 retail account(s).These are revolving accounts issued by retail stores (e.g. clothing, electronics, and sporting goods stores that offer a charge card). They are typically accessed via a credit card. There is a credit limit, the balance can be carried over from month to month, and the minimum monthly payment is calculated on a percentage of the unpaid balance. Lenders like to see a good mix of account types and loans on a credit report with all accounts showing good payment history. They wantto see that other lenders have extended you credit and that you have managed it

with care. A low number of accounts in any one type may indicate an inability toestablish credit. It may also make it difficult to gauge credit worthiness andyour ability to manage debt. An additional account of this type may help increase your score. However, taking on more debt than you can handle will almost always negatively impact your score to a greater degree than not having enough accounts.The oldest bank revolving account, CHASE BANK USA, NA has been open for a periodof 116 month(s).This type of account is typically accessed via a credit card. There is a creditlimit, the balance can be carried over from month to month, and the minimum monthly payment is calculated on a percentage of the unpaid balance. Lenders like tosee all accounts reflect a good payment history over time. Recently opened accounts can indicate an increase in available credit and other changes to your over

all credit picture. Lenders typically like to see how you handle your availablecredit and recently opened accounts may make it difficult to gauge credit worthiness and your ability to manage debt. The time frames for considering an accountrecent are typically short (6-12 months). If you pay your bills on time for these and all other accounts, their negative impact on your score should be quicklyreduced.

Confidential Credit Smart Score (Smart Score) is provided solely as a tool to assist you in better understanding how lenders evaluate your credit reports. The score is for educational purposes only, and does not qualify you for any loan. Your lender may use a scoring model that differs from the one used by Smart Score.As a result, your Smart Score and the factors we have identified as contributing to your Smart Score may vary from the score produced by your lender's scoringmodel and the score factors identified by that model. In addition, a credit score is only one of many factors used by a lender in underwriting loans, and such other factors may affect a lender's credit decision. Each lender has its own underwriting criteria, and the weight given to a particular credit score by lendersmay differ.

The explanatory materials accompanying your Smart Score are not intended to be a"quick fix" for improving your credit score. Since under most scoring models, in order to improve your credit score, you must concentrate on paying your billson time, paying down outstanding balances, maintaining the proper amount and mixof debt, and developing a consistent track-record of being able to handle youraccounts over a significant period of time, it is likely to take some time to me

aningfully improve your credit score. Moreover, the operation of the factors used credit scores is complex, and a change intended to improve a specific factor may backfire and result in an overall decline the score. For example, while openi


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establish credit. It may also make it difficult to gauge credit worthiness andyour ability to manage debt. An additional account of this type may help increase your score. However, taking on more debt than you can handle will almost always negatively impact your score to a greater degree than not having enough accounts.The oldest bank revolving account, CHASE has been open for a period of 116 month(s).

This type of account is typically accessed via a credit card. There is a creditlimit, the balance can be carried over from month to month, and the minimum monthly payment is calculated on a percentage of the unpaid balance. Lenders like tosee all accounts reflect a good payment history over time. Recently opened accounts can indicate an increase in available credit and other changes to your overall credit picture. Lenders typically like to see how you handle your availablecredit and recently opened accounts may make it difficult to gauge credit worthiness and your ability to manage debt. The time frames for considering an accountrecent are typically short (6-12 months). If you pay your bills on time for these and all other accounts, their negative impact on your score should be quicklyreduced.Your credit report reflects 1 account(s) with balances that are considered activ

e.Lenders like to see a good mix of account types and loans on a credit report with all accounts showing good payment history. They want to see that other lendershave extended you credit and that you have managed it with care. A high numberof accounts in any one type may indicate that your credit report does not reflect a balanced mix of accounts. Too many accounts may also indicate too much available credit. Paying down and closing accounts or consolidating your accounts mayhelp improve your score.

Confidential Credit Smart Score (Smart Score) is provided solely as a tool to assist you in better understanding how lenders evaluate your credit reports. The score is for educational purposes only, and does not qualify you for any loan. Your lender may use a scoring model that differs from the one used by Smart Score.

As a result, your Smart Score and the factors we have identified as contributing to your Smart Score may vary from the score produced by your lender's scoringmodel and the score factors identified by that model. In addition, a credit score is only one of many factors used by a lender in underwriting loans, and such other factors may affect a lender's credit decision. Each lender has its own underwriting criteria, and the weight given to a particular credit score by lendersmay differ.

The explanatory materials accompanying your Smart Score are not intended to be a"quick fix" for improving your credit score. Since under most scoring models, in order to improve your credit score, you must concentrate on paying your billson time, paying down outstanding balances, maintaining the proper amount and mixof debt, and developing a consistent track-record of being able to handle youraccounts over a significant period of time, it is likely to take some time to meaningfully improve your credit score. Moreover, the operation of the factors used credit scores is complex, and a change intended to improve a specific factor may backfire and result in an overall decline the score. For example, while opening new accounts may improve a person's debt mix, it may also lower the average account age and increase the amount of debt owed resulting in an overall lower credit score.

The explanatory materials are general in nature, and should not be construed asadvice in handling your financial problems or making financial decisions. If youare having trouble paying your bills, you should contact a non-profit or otherlegitimate credit counselor. Rather, the explanatory materials have been provide

d solely to help you understand how specific features in your credit report arereflected in your Smart Score. Therefore, you should use the materials for educational purposes only.

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