How to read an Experian Credit Report
CONSUMER ASSISTANCE,
P.O. Box 2002, Allen, TX 75013-0036
Telephone (888)397-3742
888-4213.
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.
EXPERIAN Credit Profile Report
EXPERIAN
701 Experian Parkway P.O.Box 2002
Allen, TX 75013-0036
1-888-397-3742
Date Reported: 8/31/2003
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).
Name: John Doe Consumer
SSN: ???-??-????
On File Since: 10/1/1978
Address: 5815 Rosemont Ave
St. Petersburg Fl. 33071
Reported On: 11/1/1998
Reported via A/R tape, but different from inquiry
Address: 2525 34th St. South
St. Petersburg Fl. 33071
Reported On: 5/1/2001
Reported via A/R tape, but different from inquiry
Address: 5815 Rosemont Ave
St. Petersburg Fl 33071
Reported On: 5/1/1998
Reported via A/R tape, but different from inquiry
Date of Birth: ??/??/????
Phone: 555-0000
Check the addresses against those submitted in the 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).
Company Name: Florida Power and Light
Date Hired: 11/1/1999
Income: $???,???
Occupation: Clerk
Separation Date:
Check the employment history against those submitted in the 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.
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
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
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
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 credit cards balances
Currently active accounts that are past due
Total number of accounts that are in collections
Total amount of loans balances
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 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 creditor proceeds.
(Note: No Hit means that the consumer has no credit history whatsoever and nobody has even inquired upon their credit history)
Scorecard: Experian/Fair, Isaac Model
Score: 676
Reasons: Serious delinquency, and public record or collection filed
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
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.
CHARTER COMMUNICATIONS OF SUFF
Other Collection Agencies
10/4/2002
10/4/2002
CREDIT MANAGEMENT
INC/3980798
22073282
$97
(62)Paid account/was a collection account, insurance claim or government claim or was terminated by default.
closed
FINGERHUT
Other Collection Agencies
07/08/2002
7/8/2003
RJM ACQUISITIONS
FUNDI/1984265
188RJM80886959
$116
$116
(93) Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's internal collection department.
closed
SOUTH SUBURBAN HOSPITAL -2-
Other Collection Agencies
12/8/2002
12/8/2002
MEDICAL RECOVERY
SPECI/1982651
5388820
$212
$212 (93)Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's internal collection department.
closed
Name of the creditor
Type of service
Status of the account
Notes on the account
Date the account was reported
Last verified date on the account
Member number associated with the account
Account number for the account
Date the account was closed
Original amount that is owed
Current balance as of the verified date Verifies that the account has been closed
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.
Judgment
97M1734093
11/14/1997
Individual
SIGNATURE HOUSING SOL $611 Bankruptcy Chapter 13-petition filed
0210085MG 01/03/2002
Individual
Type of the record
Type of court
Docket number associated with record
Type of disposition
Date the record was reported
Date the record was paid
Type of account
Member number associated with record
Name of the plaintiff
Name of the attorney
Total amount that is owed
Amount of assets
Amount for liability
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.
Name of the company
Date the account was opened
Most amount the consumer can owe
Currently still owes
Minimum monthly payment
Number of times 30 days late
Number of times 60 days late
Number of times 90+ days late
Name of the company
Date the account was opened
Most amount the consumer can owe
Currently still owes
Minimum monthly payment
Number of times 30 days late
Number of times 60 days late
Number of times 90+ days late
Account number with the company
Date the account was last reported
Most amount the consumer has owed
Amount that is past due
Number of months repaid
Payment pattern (Left being the most current)
Type of account
Kind of business of the company
Amount that was charged off
Original amount owed
Date the account was closed
Payment terms made with the company
Notes about the account
Users on the account
PAYMENT HISTORY
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:
- C 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
- 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.
07/18/2003
12/12/2002
9/11/2002
5/20/2002
5/17/2002
5/13/2002
RUSH CREDIT REPORTS
RNB TARGET
ASSOCIATED RECOVERY SY
ADVANCE DISPOSAL CO
Tenant Screening Checks
3951493
2322810
3980666
1943823
3950740
3951883
Unknown amount
Unknown amount
Unknown amount
Unknown amount
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.
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
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 Saturday and 10AM to 4PM Sundays PST.
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.