Based on your TransUnion
credit report, this is a depiction
of your creditworthiness
The numerical score ranges
from 990 to 501 equaling
grade ranges from A to F
Your credit score ranks
higher than 71% of the
nation's population
About your TransUnion Personal Credit Score
Your TransUnion Personal Credit Score is displayed above, and was calculated with the VantageScore
credit scoring formula. Your credit score is a snapshot of the contents of your credit report at the
time the score was calculated. Using objective, impartial formulas to translate the contents of your
credit report into a 3-digit score enables lenders to evaluate your application for credit in a fast,
fair and more objective manner. Remember, we constantly update the information contained in your credit
report, so your TransUnion Personal Credit Score only represents the score a lender would receive if
they requested it today.
Summary
Given that you have a high credit score, lenders should be able to conclude that you are capable
of repaying your debts. This would then enable lenders to provide you with good interest rates
and loan offers. Lenders' offers will differ based on the attribute information you provide
concerning your monthly income, employment history, and monthly debt; this information may
aid in the determination of whether you receive an excellent offer, or just a good offer. Certain
credit cards, on the other hand, may be harder to obtain because lenders still see room for
improvement. To improve your credit score, continue to pay your debts on time.
Factors that most affect your score (listed in order of impact):
1.
On average, your accounts are too new:
Longer credit histories provide more payment behavior information. Allowing time for these accounts to mature before applying for more may improve your credit score.
2.
You have too few revolving accounts with high credit limits:
Having your credit limit increased on more of your revolving credit accounts may improve your score.
3.
Your revolving credit account balances are too high:
High credit balances are considered by lenders to be a negative factor when determining creditworthiness. Paying down your balances may improve your score.
4.
You have too many recent collection agency accounts:
Negative records such as collection accounts can substantially impact your credit score.
Note: In addition to the factors listed above, the number of inquiries on your credit report has
adversely affected your credit score.
Answers About Credit Scores
· How are credit scores used?
A credit score is just one of several factors a company usually uses when deciding to extend credit, give
insurance coverage or provide financial services to you. A variety of other factors will be considered, such as
length of employment, income or previous experience with you. Depending on what you are applying for, different
companies weigh each of these factors differently. By using a credit score, they can evaluate your application
quickly, fairly and consistently.
· How can I better manage my credit and improve my creditworthiness?
A credit score is a snapshot of the contents of your credit report at the time it was calculated. Long-term,
responsible credit behavior is the most effective way to improve future scores. Pay bills on time, lower balances
and use credit wisely to improve your score over time. You should also review your credit report to ensure it is
accurate.
· How do inquiries affect my credit score?
When your credit is checked by a business for the purpose of an application a "hard inquiry" appears on your
credit report. These inquiries can affect your credit score; and typically they have only a small impact.
Delinquencies, balances owed, and the length of time you have used credit are all more important. Inquiries have a
greater impact if you have a limited credit history.
Additional Information
The TransUnion Personal Credit Score is provided to help you better understand how lenders view your credit
report. It is not an endorsement or a determination of your qualification for a loan. The VantageScore credit scoring
model was used for this Score Analysis and is not necessarily the same scoring model that may be used by a
lender. The resulting credit score may not be identical in every respect to any consumer credit score produced by
any other company. Any credit information that has not yet been reported to TransUnion will not be reflected in your
consumer disclosure or score. Also, some items disputed directly with creditors are not incorporated in the
assessment of your credit score.
