Credit reports and credit信用报告和信用.pptVIP

* * * Credit Reports and Credit Scores Mike Keith355-5616, Tues, Wed, Thurs, 9am-5pm The credit fairy does not exist ! Credit Bureaus Equifax Experian Transunion Credit bureau A consumer reporting agency that regularly engages in the practice of assembling and maintaining consumer credit information or other information on consumers for the purpose of furnishing reports to third parties. What is a credit report? Record of an individuals credit history. A credit report contains personal information gathered from approved sources on an ongoing basis. Approved lenders, retailers, utility companies can use the data to make credit decisions, approve benefits, or service decisions. A credit report does not contain: Race. Religion. Health or medical information. Driving record. Criminal record. Bankruptcies over 10 years old. Derogatory items more than 7 years old. Sensitive data-Alcohol or drug treatment, mental health treatment, medical data details. Your credit report may contain: Name and any variations, aka. Date of birth, phone # Current and previous addresses. Employment data. Financial accounts and payment history. Public records: Liens, Bankruptcies, Civil Judgments. Collection accounts. Inquiries. A credit score does not consider: Race, color, religion, national origin, sex, marital status. Age, salary, occupation, title, employment history. Where you live. Credit score A number from 300 to 850 that indicates how credit worthy you are. Credit reports are used for: Landlords Insurers Utility providers and cell phones Employers (security clearance) Credit Debt Secured-Installment credit Unsecured-Revolving credit Installment vs. Revolving Debt Installment Revolving Beginning balance $2500. $2500. Interest rate 10% 18.5% Payment $63.40 $50.00 Years repay 4 30 Interest cost $544. $6