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HOW TO READ AND UNDERSTAND AN EXPERIAN CREDIT REPORT
FROM THE TOP
1. The Heading is at the very top right of the report. It contains the Credit Bureau's information. The Credit Agency, their address, their phone number, and the date the report was inquired upon.
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EXPERIAN Credit Profile Report
EXPERIAN
701 Experian Parkway P.O.Box 2002
Allen, TX 75013-0036
1-888-397-3742
Date Reported: 8/1/2003
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PERSONAL INFORMATION
2. The next section of the report is the applicant's personal information. This includes the Consumer's name, social security number, up to three different addresses, date of birth (if available), and telephone number (if available).
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Name: John Doe Consumer
SSN: ???-??-????
On File Since: 10/1/1988
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Address:
Reported On:
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1792 E WASHINGTON Blvd
PASADENA CA 91104
11/1/1999
Reported via A/R tape, but different from inquiry
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Address:
Reported On:
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111 N LAKE Street
ALTADENA CA 91104
5/1/2002
Reported via A/R tape, but different from inquiry
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Address:
Reported On:
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9999 MONTROSE Ave
LA CRESCENTA CA 91214
5/1/1997
Reported via A/R tape, but different from inquiry
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Date of Birth: ??/??/????
Phone: 555-6439
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Check the addresses against those submitted in the rental application. Do they match? The addresses are located below the applicants name with the most current address directly below the applicants name and chronologically listed from there. The employment and birth date information are located to the right of the applicant's addresses and above the summary score. Former addresses and employment information is inputted when a consumer applies for credit. Therefore it can or cannot be a definitive verification of the last three residences or jobs. |
EMPLOYMENT INFORMATION
3. This section of the report is the applicant's employment information. This includes the company name, date hired (if available), income (if available), occupation (if available), and separation date (if available).
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Company Name: ACCURATE CREDIT BUREAU
Date Hired: 11/1/1999
Income: $???,???
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Occupation: CREDIT BUREAU
Separation Date:
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Check the employment history against those submitted in the rental application. Do they match? The employment history may not necessary have the most current information. Former addresses and employment information is inputted when a consumer applies for credit. Therefore it can or cannot be a definitive verification of the last three residences or jobs. |
REPORT SUMMARY
4. Here is the overall summary of the applicant's credit history. This will tell you the total number of accounts the applicant has, accounts that are still currently active or negative or too new to be rated, accounts that are past due or paid off, person(s) that have inquired upon the applicant's credit history, accounts that are in collections or public records, total amount still owed, and a breakdown of the amount.
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Total # of Trades: 14
Current Trades: 8
Unrated Trades: 1
Curr Neg Trades: 5
Hist Neg Trades: 3
No. of Accts Paid: 5
Curr Past Due: 4
Amount Past Due: $5,442
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30 Days: 0
60 Days: 0
90+ Days: 1
Inquiries: 3
Inq. last 6 mnths: 1
Public Records: 0
Collections: 2
Oldest Trade: 3/1/1994
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Accounts Balance: $102,748
Mnthly Payment: $1,348
Credit Limit: $0
High Credit: $107,247
Total Real Est. Bal.: $77,576
Total Rev. Bal.:
Tot. Installment Bal.: $16,246
Available %: 0
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| Total number of accounts |
Accounts that are 30 days past due |
Total amount that is still owed |
| Accounts that are still currently active |
Accounts that are 60 days past due |
Total minimum amount due every month |
| Accounts that are too new to be rated |
Accounts that are 90+ days past due |
Most amount that can be borrowed |
| Currently active accounts that have been past due |
Total number of person(s) that have inquired upon this credit history |
Most amount that has been owed |
| Past accounts that have been past due |
Total number of person(s) that have inquired within the past 6 months |
Total amount of mortgage loans |
| Accounts that have been paid off |
Total number of accounts that are in public records |
Total amount of revolving balances (credit cards) |
| Currently active accounts that are past due |
Total number of accounts that are in collections |
Total amount of installment balances (loans) |
| Total amount of the past due accounts |
Oldest account |
Available percentage of the credit limit |
SCORECARDS
5. The score summary, Experian/FICO, is above the applicants credit and trade information and is the overall rating of the applicant's credit. Up to four factors are disclosed and are displayed in order based on their relative impact on the final score. Generally scores exceeding 625 are considered by banks as worthy of loans. The lowest scores are in the low 400's and the highest scores close to 850 (Very few). Scores between 600 and 700 are very common and considered very good. Most tenant applicants will fall between 550 and 650 credit scores. Scores below 575 are considered a risk, and usually warrant further documentation or higher security deposits if the landlord proceeds. (Note: No Hit means that the consumer has no credit history whatsoever and nobody has even inquired upon their credit history)
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Scorecard: Experian/Fair, Isaac Model
Score: 676
Reasons: Serious delinquency, and public record or collection filed
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Number of accounts delinquent
Proportion of balance to high credit on bank revolving or all revolving accounts
Length of time (or unknown time) since account delinquent
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COLLECTIONS
6. Identifies consumer accounts that have been transferred to a professional debt-collecting firm. Collection information includes the name of the collection agency providing the information, collector's kind-of-business designators, and the consumer's account number with the collection agency. Also included is the date the amount was charged off by the original creditor, date the information was verified, the original dollar amount of collection, the balance owed as of date verified or closed, name of the original creditor, and an explanation of current account status as reported by the collection agency.
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CHARTER COMMUNICATIONS OF SUFF
Other Collection Agencies
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10/4/2002
10/4/2002
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CREDIT MANAGEMENT
INC/3980798
22073282
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$97
-
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(62)Paid account/was a collection account, insurance claim or government claim or was terminated by default.
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-
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closed
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FINGERHUT
Other Collection Agencies
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7/8/2003
7/8/2003
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RJM ACQUISITIONS
FUNDI/1984265
188RJM80886959
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$116
$116
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(93)Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's internal collection department.
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-
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closed
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SOUTH SUBURBAN HOSPITAL -2-
Other Collection Agencies
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12/8/2002
12/8/2002
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MEDICAL RECOVERY
SPECI/1982651
5388820
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$212
$212
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(93)Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's internal collection department.
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-
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closed
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Name of the creditor
Type of service
Status of the account
Notes on the account
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Date the account was reported
Last verified date on the account
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Member number associated with the account
Account number for the account
Date the account was closed
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Original amount that is owed
Current balance as of the verified date
Verifies that the account has been closed
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PUBLIC RECORDS
7. If there are any civil actions with dollar amounts awarded, they will appear below the score summary in a field named Public Records. Public Records information consists of bankruptcies, liens, and civil actions against a consumer. This information will include; the reporting account's name and number, original filing date with court, status date if status is satisfied, released, vacated, discharged or dismissed, amount and type of public record, certificate or docket number, and code describing the consumer's association to the public record item per the Equal Credit Opportunity Act. Also provided is the plaintiff name; liability and asset amounts for bankruptcies only, voluntary indicator for bankruptcies only.
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Judgment
97M1734093
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11/14/1997
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Individual
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SIGNATURE HOUSING SOL
-
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$611
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-
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Bankruptcy Chapter 13-petition filed
0210085MG
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1/2/2002
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Individual
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-
-
-
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-
-
-
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Type of the record
Type of court
Docket number associated with record
Type of disposition
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Date the record was reported
Date the record was paid
Type of account
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Member number associated with record
Name of the plaintiff
Name of the attorney
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Total amount that is owed
Amount of assets
Amount for liability
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TRADE LINES
8. Under the trade lines portion of the credit report, creditors report the amount of loans and credit cards with payment histories. The name of the creditor is in the left column, the credit amount information in the center column, and the payment history is in the right column.
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BESTBANK/ACQD BY FDIC/0201640
Revolving
(52)Paid account/was 30 days past due date two or three times.
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6/1/1998
2/24/1999
Bank Credit Card
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$600
$721
-
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-
-
-
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7
-
-
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B1--1-C
Revolving
Individual
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2
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0
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0
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CROSS COUNTRY BANK/1216355
Revolving
(97)Unpaid balance reported as a loss by credit grantor.
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7/1/2000
3/7/2003
Bank Credit Card
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$350
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723
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$723
$723
-
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32
-
-
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999999999999994
Revolving
Individual
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1
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1
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2
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FIRESIDE THRIFT CO/3591185
5324065053001386
Installment
(97)Unpaid balance reported as a loss by credit grantor.
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4/1/2000
7/3/2003
Personal Loan Companies
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-
$12,558
5593
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$5,377
$5,593
12558
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39
-
-
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966-654324332111
43
Individual
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9
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2
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16
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Name of the company
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Date the account was opened
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Most amount the consumer can owe
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Currently still owes
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Minimum monthly payment
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Number of times 30 days late
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Number of times 60 days late
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Number of times 90+ days late
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Account number with the company
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Date the account was last reported
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Most amount the consumer has owed
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Amount that is past due
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Number of months repaid
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Payment pattern (Left being the most current)
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Type of account
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Kind of business of the company
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Amount that was charged off
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Original amount owed
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Date the account was closed
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Payment terms made with the company
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Notes about the account
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Users on the account
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PAYMENT HISTORY
9. On the far right hand side of the report is the consumer payment history for the past 24 months. These codes reflect the monthly status of an account and are displayed for balance reporting loans. Collections and charge-offs are not graded. These codes stand for:
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C
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Current |
| N |
Current account/zero balance-no update tape received |
| 0 |
Current account/zero balance-reported on update tape |
| 1 |
30 days past the due date |
| 2 |
60 days past the due date |
| 3 |
90 days past the due date |
| 4 |
120 days past the due date |
| 5 |
150 days past the due date |
| 6 |
180 days past the due date |
| 7 |
Bankruptcy Chapter 13 (Petitioned, Discharged, Reaffirmation of Debt Rescinded) |
| 8 |
Derogatory, e.g. foreclosure proceeding, deed in lieu |
| 9 |
Bankruptcy Chapter 7, 11, or 12 (Petitioned, Discharged, Reaffirmation of Debt Rescinded) |
| G |
Collection |
| H |
Foreclosure |
| J |
Voluntary Surrender |
| K |
Repossession |
| L |
Charge-off |
| B |
Account condition change, payment code not applicable |
| - |
No history reported for that month |
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No history maintained |
INQUIRIES
10. This portion of the report is named inquiries. This is a list of companies that have inquired about the applicant's credit, usually for the purpose of extending new or additional credit. Numerous inquiries lower the applicant's summary score by about two points per inquiry.
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7/18/2003
12/12/2002
9/11/2002
5/20/2002
5/17/2002
5/13/2002
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RUSH CREDIT REPORTS
RNB TARGET
ASSOCIATED RECOVERY SY
ADVANCE DISPOSAL CO
AMERICAN TENANT SERVIC
U D REGISTRY INC
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3951493
2322810
3980666
1943823
3950740
3951883
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Unknown amount
Unknown amount
Unknown amount
Unknown amount
Unknown amount
Unknown amount
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| Date the report was obtained |
Name of the company that inquired upon the report |
Company's subscriber number |
Does not apply |
WARNING MESSAGES
11. The last portion of the report is called warning messages. This is a list of messages that have to do about the applicant's credit, social security number, name, and/or address.
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0084 SSN MATCHES
Reported via A/R tape, but different from inquiry
Reported via A/R tape, but different from inquiry
Reported via A/R tape, but different from inquiry
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0084 is a code that Experian uses to signify that the social security number does match.
Reported via A/R tape, but different from inquiry means that the information that was inputted manually is also reported via tape. |
12. Remember, if you have any questions or need assistance, please call us 626 798-6670. Our customer service is available 6AM to 6PM Monday through Friday and 9AM to 2PM Saturdays PST.
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13. The Three Credit Reporting Agencies are;
EQUIFAX, CONSUMER ASSISTANCE, P.O. Box 740241, Atlanta, GA 30374-0241 Telephone (800)685-1111;
EXPERIAN, CONSUMER ASSISTANCE, P.O. Box 2002, Allen, TX 75013-0036 Telephone (888)397-3742; and
TRANS UNION CORP, CUSTOMER RELATIONS, 2 Baldwin Pl., P.O. Box 1000, Chester, PA 19022 Telephone (800) 888-4213. |
Good Luck with your applicants.
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Phone 512 285 6078 Fax 512 285 6336
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