A single Credit Bureau or 3-in1 Credit Report: Experian, Equifax and Transunion
A credit report is the most used data source for calculating the level of risk involved in a significant financial transaction. Various industries rely on a credit report and score as a key factor in their decision making.
The credit report provides an overview of:
- How financial obligations are handled with factual credit information.
- Consumer identification, including Social Security number
- Address information, including length of time at current and previous addresses
- Employment information, providing insight regarding an applicant’s previous work history
- Other names used, such as maiden names and aliases
- Public record information on bankruptcies, liens and judgments against the applicant
- Account History
- Social Security Validation
How it works
Whatever your purpose is, we have a credit report to match your needs:
- Tenant Screening
- Finance Credit Report
- Employment Credit Report
- Account Review
- Collections Credit Report
- Canadian Credit Report
Credit Score Models
FICO® Scores are calculated from many different pieces of credit data in a credit report. This data is grouped into five categories as outlined below. The percentages in the chart reflect how important each of the categories is in determining how the FICO Scores are calculated.
The FICO Scores consider both positive and negative information in a credit report. Late payments will lower the FICO Scores, but establishing or re-establishing a good track record of making payments on time will raise the score.
Your FICO Scores are calculated based on these five categories:
- Payment history (35%)
- Amounts owed (30%)
- Length of credit history (15%)
- Credit mix in use (10%)
- New credit (10%)
VantageScore is a mathematical credit score model used today by lenders across the U.S. to look more closely and broadly at borrowers’ credit files—and gain more insight about their ability to repay.
Older credit score models focus on the most recent six months of information in a credit file, but the VantageScore model considers at least 24 months of credit file information. This and other behind-the-scenes features mean the VantageScore model can generate scores that are more predictive, and it can score up to 35 million more people— so more consumers are likely to have a score, and therefore have access to credit at the right terms.