BLAQSHEEP TV: THE HIT FACTORY (MR. BEAT)



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Credit Score & Analysis
Debt Free in 12-36 Months
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YOUR CREDIT SCORE

583 618 614
Created on: 01/06/2010 Created on: 01/06/2010 Created on: 01/06/2010

WHERE YOU RANK

TransUnion Experian Equifax

300 350 450 550 650 750 850

You are here (583)
300 350 450 550 650 750 850

You are here (618)
300 350 450 550 650 750 850

You are here (614)

Based on your credit report data, this is a numerical depiction of your creditworthiness. High scores are better.

You don’t need great credit to get a great credit card!

HOW YOU COMPARE

TransUnion Experian Equifax

0% 20% 40% 60% 80% 100%

You are here
(Higher than 32% of the others)
0% 20% 40% 60% 80% 100%

You are here
(Higher than 40% of the others)
0% 20% 40% 60% 80% 100%

You are here
(Higher than 39% of the others)

Compared to the rest of the nation, this is how your credit score ranks. High percentages are better.

HOW LENDERS VIEW YOU

TransUnion Experian Equifax

You are here
(Poor)

You are here
(Between fair and poor)

You are here
(Between fair and poor)

Based on your credit score, this is how you may be viewed from a lender’s perspective.

Background
Your credit score is created using a mathematical formula that measures data from your credit report. Credit scores evaluate your payment behavior, debt levels and credit history. Factors like income, race and gender are not measured in the scoring process. Credit scoring systems are used by lenders, insurers, landlords, employers and utility companies to evaluate your credit behavior. Having a high credit score will help you receive the best rates on new credit and loans.

Explanation
There are several factors taken into account that help determine your credit score. The factors making the largest impact are listed below. Remember that these factors vary in how strongly they impact your credit score. For example, if you have a very high credit score, the negative factors in your analysis are likely to have a small impact. For very low credit scores, the opposite is true in that negative factors have a very large impact on your credit.

Gregg, these are the factors impacting your score:

* You have not had enough debt experience. [TransUnion] A healthy balance of credit and loan accounts is key to achieving a high credit score. It is important to build a record of responsible credit use over time with different types of accounts. Consider opening a new account to strengthen your credit report.

* There are recently established derogatory public records on your credit report. [TransUnion] Negative records such as collection accounts, charge-offs, judgments and bankruptcies can cause substantial damage to your credit score. These records will remain on your credit report for 7-10 years, whether or not you have paid the debt. You can help your credit recover from these derogatory records by paying your bills on time, reducing your debts and using credit responsibly.

* There was recently a late payment posted on your credit report. [TransUnion, Experian] Payment history is a significant factor in the credit scoring process. Regular on time payments make you appear more creditworthy to potential lenders. On the other hand, late payments indicate that you may be in financial distress. If you have trouble remembering to make payments, consider signing up for an online bill payment service that will make it easier to pay on time.

* Your revolving account balances are too high in comparison with your credit limits. [Experian, Equifax] Having credit available to you is a sign that you are able to manage your finances responsibly. Lenders like to see that consumers have a large amount of credit available to them, but not so much that they could spend more than they could afford to pay back. If you currently have multiple accounts open with high balances, try reducing your balances below 35 percent of your limits. If you do not have many open accounts, consider opening a new credit account or asking your creditors to increase your limits.

* There are not enough accounts in good standing on your credit report. [Experian, Equifax] Having credit available to you is a sign that you are able to manage your finances responsibly. Lenders like to see that consumers have a large amount of credit available to them, but not so much that they could spend more than they could afford to pay back. If you currently have multiple accounts open with high balances, try reducing your balances below 35 percent of your limits. If you do not have many open accounts, consider opening a new credit account or asking your creditors to increase your limits.

* There are not enough mortgage accounts on your credit report. [Equifax] A healthy balance of credit and loan accounts is key to achieving a high credit score. It is important to build a record of responsible credit use over time with different types of accounts. Consider opening a new account to strengthen your credit report.

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Additional Information

The TransUnion TransRisk New Account 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. Lenders use credit scores to help determine whether or not you are a good candidate for a loan and what interest rate you will pay. However, each lender has specific underwriting standards, so you should not assume that you will receive the same evaluation from each lender. As part of the underwriting process, they will incorporate additional information you provide and may obtain references. In addition, even if you are approved, the terms and conditions of loans vary from lender to lender. The information used to determine your credit score comes from TransUnion, one of the major credit bureaus. Credit reports are a compilation of credit information that is reported to the bureaus by the various lending institutions with which you have accounts. The information contained in your report reflects the latest information provided. If you recently made a payment, opened a new account, or authorized an inquiry, it may not yet be reflected in the credit report you receive. Likewise, it will not be reflected in your credit score. Also, disputed items are not incorporated in the assessment of your credit score. Your credit score will change each time new information is captured in your record. TransUnion Interactive is not connected in any way with Fair, Isaac and Company; the credit score provided here is not a so-called FICO score. The credit scores of TransUnion may not be identical in every respect to any consumer credit scores produced by any other company.

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