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Guide to reading a tenant credit report

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SplinternetMarketing.com
SplinternetMarketing.com

The document summarizes the key sections and information provided in a credit report. It describes the report header showing applicant information. It also summarizes sections on account status, credit line information, personal information, score, employment, collections, tradelines, inquiries, public records, and details. The document provides an overview of the various components and data included in a comprehensive credit report.

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  The Report Header shows the exact information entered on the applicant at the time the report was ordered. Account Status Accts Paid: Total accounts paid off Current Past Due: Currently active accounts that are past due Total Past Due: Total amount past due Day 30: # of accounts 30 days past due Day 60: # of accounts 60 days past due Day 90: # of account 90 days past due Account Balance: Total amount still owed Monthly Payment: Total minimum amount due every month Collections: Number of accounts in collections Credit line Information Credit Limit: Most that can now be borrowed High Credit: Most that has ever been owed Real Est. Balance: Total amount of mortgage loans Rev. Balance: Total amount of credit card balances Installment Balance: Total amount of loan balances including car loans, student loans, etc. Available Percentage: Available percentage of the credit limit Inquiries: Total number of person(s) inquiring on this credit history Past 6 mo.: Number of person(s) inquiring on this credit history during past 6 months Public Records: Number of public records reported (liens Judgments, etc.) Tradeline Overview Total: Total # of Accounts Current: Accounts currently active Unrated: Accounts too new to be rated Current Neg: Active accounts that have been past due Historical Neg: Past accounts that have been past due Oldest Trade: Oldest account The Report Detail section gives you a snap shot overview of the applicant’s credit history and current status.   1 Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
  Personal Information The Personal Information section from TransUnion includes the consumer’s name, social security number, up to three different addresses, date of birth (if available), and telephone number (if available). Score Scoring Model: The Fair Isaac Risk Score Model that TransUnion uses to calculate the score Score: The applicant’s credit score. The credit score can range from 300 to 850 points with 850 being the highest possible score. If there is no score or a negative score such as -9999 it means the applicant does NOT have enough open or active credit accounts to calculate a score. Reasons affecting score: Up to four factors are disclosed and are displayed in order based on their relative impact on the final score.   1/1/1970  Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
  Employment Information The Employment Information section from TransUnion includes the company name, date hired (if available), income (if available), occupation (if available), and separation date (if available).       Office Supply City  Manager  $45,000  123 Street, Chicago IL 60637    6/1/2008  Jones Supply Store  Manager  $31,000  16 South Street, Chicago IL 60637    7/20/2005  5/25/2008 Separation Date Separation Date Collections The Collections information includes the name of the collection agency providing the information, the collector’s kind of business designators, and the consumer’s account number with the collection agency. Creditor: Name of creditor Member number: Member number associated with account Balance: Current balance as of the verified date Account: Account number for the account Date Assigned: Date the account was reported Record Code: TransUnion Code Industry: Type of servicer Report Date: Last verified date on the account Balance Date: Date balance last verified Status: Status of the account Date Closed: Date the account was closed Closed Code: Verifies that the account has been closed Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
                Creditor: Name of creditor Account Number: Account number of consumer Account Type: Description of account type Date Rptd: Date the account was last reported Date Opened: Date the account was opened Date of Last Activity: Date the account was last used High Credit: Most amount the consumer has owed on account Status: Status of account Balance: Currently owed Payment Term: Payment terms made with the company Credit Limit: Most the consumer can owe Historical Status 30 60 90: Number of times late at 30 days, at 60 day and at 90 days Payment Amount: Last payment amount Closed Date: Date account was closed, if closed Amount Past Due: Total amount past due Tradelines Under the trade lines portion of the credit report, creditors report the amount of loans and credit cards with payment histories that are Open (currently in use) Closed (no longer open and accessible). Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
        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. 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. Details This is a list of messages that have to do about the applicant's credit, social security number, name, and/or address. Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175

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Guide to reading a tenant credit report

  • 1.   The Report Header shows the exact information entered on the applicant at the time the report was ordered. Account Status Accts Paid: Total accounts paid off Current Past Due: Currently active accounts that are past due Total Past Due: Total amount past due Day 30: # of accounts 30 days past due Day 60: # of accounts 60 days past due Day 90: # of account 90 days past due Account Balance: Total amount still owed Monthly Payment: Total minimum amount due every month Collections: Number of accounts in collections Credit line Information Credit Limit: Most that can now be borrowed High Credit: Most that has ever been owed Real Est. Balance: Total amount of mortgage loans Rev. Balance: Total amount of credit card balances Installment Balance: Total amount of loan balances including car loans, student loans, etc. Available Percentage: Available percentage of the credit limit Inquiries: Total number of person(s) inquiring on this credit history Past 6 mo.: Number of person(s) inquiring on this credit history during past 6 months Public Records: Number of public records reported (liens Judgments, etc.) Tradeline Overview Total: Total # of Accounts Current: Accounts currently active Unrated: Accounts too new to be rated Current Neg: Active accounts that have been past due Historical Neg: Past accounts that have been past due Oldest Trade: Oldest account The Report Detail section gives you a snap shot overview of the applicant’s credit history and current status.   1 Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
  • 2.   Personal Information The Personal Information section from TransUnion includes the consumer’s name, social security number, up to three different addresses, date of birth (if available), and telephone number (if available). Score Scoring Model: The Fair Isaac Risk Score Model that TransUnion uses to calculate the score Score: The applicant’s credit score. The credit score can range from 300 to 850 points with 850 being the highest possible score. If there is no score or a negative score such as -9999 it means the applicant does NOT have enough open or active credit accounts to calculate a score. Reasons affecting score: Up to four factors are disclosed and are displayed in order based on their relative impact on the final score.   1/1/1970  Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
  • 3.   Employment Information The Employment Information section from TransUnion includes the company name, date hired (if available), income (if available), occupation (if available), and separation date (if available).       Office Supply City  Manager  $45,000  123 Street, Chicago IL 60637    6/1/2008  Jones Supply Store  Manager  $31,000  16 South Street, Chicago IL 60637    7/20/2005  5/25/2008 Separation Date Separation Date Collections The Collections information includes the name of the collection agency providing the information, the collector’s kind of business designators, and the consumer’s account number with the collection agency. Creditor: Name of creditor Member number: Member number associated with account Balance: Current balance as of the verified date Account: Account number for the account Date Assigned: Date the account was reported Record Code: TransUnion Code Industry: Type of servicer Report Date: Last verified date on the account Balance Date: Date balance last verified Status: Status of the account Date Closed: Date the account was closed Closed Code: Verifies that the account has been closed Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
  • 4.                 Creditor: Name of creditor Account Number: Account number of consumer Account Type: Description of account type Date Rptd: Date the account was last reported Date Opened: Date the account was opened Date of Last Activity: Date the account was last used High Credit: Most amount the consumer has owed on account Status: Status of account Balance: Currently owed Payment Term: Payment terms made with the company Credit Limit: Most the consumer can owe Historical Status 30 60 90: Number of times late at 30 days, at 60 day and at 90 days Payment Amount: Last payment amount Closed Date: Date account was closed, if closed Amount Past Due: Total amount past due Tradelines Under the trade lines portion of the credit report, creditors report the amount of loans and credit cards with payment histories that are Open (currently in use) Closed (no longer open and accessible). Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175
  • 5.         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. 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. Details This is a list of messages that have to do about the applicant's credit, social security number, name, and/or address. Provided by StarPoint Screening    25 E. Wright Street, Suite 2503     Pensacola, Fl  32501          ph 877.330.2444    fx  877.349.2175