Coastal Credit Bureau ---------
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Employers, Landlords, Auto Dealerships, Mortgage Brokers, Real Estate Agents, Property Managers, Businesses

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CREDIT REPORT TUTORIAL

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HOW TO READ AND UNDERSTAND AN EQUIFAX 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.

EQUIFAX Credit Profile Report
EQUIFAX
PO Box 740241
Atlanta, GA 30374-0241
1-800-685-1111
Date Reported: 5/5/2003


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: 10/1/1988

Address:

Reported On:

1792 E WASHINGTON Blvd
PASADENA CA 91104
11/1/1999
Reported via A/R tape, but different from inquiry

Address:

Reported On:

111 N LAKE Street
ALTADENA CA 91104
5/1/2002
Reported via A/R tape, but different from inquiry

Address:

Reported On:

9999 MONTROSE Ave
LA CRESCENTA CA 91214
5/1/1997
Reported via A/R tape, but different from inquiry
Date of Birth: ??/??/????
Phone: 555-6439


















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).

Company Name: ACCURATE CREDIT BUREAU
Date Hired: 11/1/1999
Income: $???,???
Occupation: CREDIT BUREAU
Separation Date:


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.

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, Equifax/Beacon, 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)

Scorecard: BEACON 96
Score: 676
Reasons: Serious delinquency, and public record or collection filed
Amount owed on delinquent accounts
Proportion of balances to credit limits is too high on bank revolving or other revolving
Time since delinquency is too recent or unknown


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.

CRYSTAL SPRINGS

Unpaid Subject has not satisfied debt.

9/1/2000
11/1/2000


403YC02185
22048B
-

$378
$378
-

VERIZON COMM

Unpaid Subject has not satisfied debt.
COLLECTION ACCOUNT

12/1/2001
6/1/2001



180YC04534
34566952
-


$197
$197
-


PACIFIC BELL RE

8/1/1999
10/1/1996
401YC14209
1026091
$117
$0
Account Disputed Merchant and consumer disagree on various particulars regarding merchandise, terms of agreement or amount owing.
-
-

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.

Legal Item Judgement

95412490

2/1/2000
-
-

826VC00014
JAY BARNES
-

$4,293
-
-

Tax Lien

970014393
Federal
1/1/1997
-
-

180VS00067
-
-

$10,224
-
-


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.

KAUFMANNS/497DC02009

Revolving or Option (open-end account)
(9)Bad debt; placed for collection; skip
CHARGED OFF ACCOUNT
3/1/1998
4/1/2003



$1,284
$1,284
$0


$1,284
$1,284
$0


$1,284
-
-
-


-
-
Individual

0




0




23





FIRSTMERIT/901BB02223
10000000002296261
Installment (fixed number of payments)
(4)not more than four payments past due

5/1/1998
4/1/1999



$3,722
$3,722
$0


$2,891
$528
$0


$176
11
-
-


32*********
-
Individual

3




2




1




GMAC/906FA00034
084901663158
Installment (fixed number of payments)
(1)Pays account as agreed
AUTO

9/1/2002
5/1/2003




$17,464
$17,464
0



$16,045
$0
0



$354
8
-
-



-
-
Joint


-





-





-






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

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:

  *
 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.

6/27/2002
11/27/2001
6/20/2001
ATTENTION
HFC
ASSOC/CITI
163YC00673
155FP01739
458ON05282

Date the report was obtained Name of the company that inquired upon the report Company's subscriber number


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.

SAFESCANNED: Your inquiry has gone through our SAFESCAN data base.

INQR Subject's SSN is 055-62-5886;year issued: 1978;state: NY

Safescan is an optional fraud system.

Confirming the social security number; the year and state of residence when the social security number was issued.


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.

  

 

Coastal Credit Bureau is open Monday through Friday 6 AM to 6 PM PST and Saturday 8 AM to 4 PM PST
Coastal Credit Bureau
626 577-8088 Fax 626 577-8665