Credit Analyzer All Bureau Report

Credit Analyzer Report

JON DOE
SSN: 555-55-555

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CreditXpert Score:

625

Overview

Background

Credit scores are based on the information in your credit bureau report. The majority of CreditXpert Credit Scores(tm) are between 350 and 850. Higher scores are better. With a high score, you have a good chance of getting the loans you want. Keep in mind that when lenders evaluate a credit application, credit scores are not the only factor they use in making their decision. They usually ask for additional information (such as income and monthly payments) to determine your ability to repay the loan.

Summary

Currently, your CreditXpert Credit Score(tm) will make it difficult for you to get the best offers from lenders, especially for credit cards. Be prepared to pay higher fees and interest rates and/or to make a deposit or down payment. Also, you may not be able to get high credit limits and loan amounts. However, if you demonstrate that you are reliable by always paying your bills on time, your credit score can improve significantly.

Explanation

Both negative and positive factors influence your credit score. The most important factors of each are listed below, in their order of importance. Remember, 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. The same is true for positive factors if you have a very low credit score.

Here are the top factors that make your score lower:

Payment history

In the past, 3 of your accounts have become derogatory (such as being sent to collections or declared as a loss by the lender).
This only includes accounts updated in the past 3 years.
This is making your score lower. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.

Credit usage

On average, you are using 67% of your credit limit on your credit card(s).
This only includes your open accounts for which the credit limit/loan amount is available.
This is making your score lower. High usage (such as balances above 50% of the credit limit) is usually considered negative, because lenders worry that you may be using more credit than you can reasonably afford to repay. Being "maxed out" or overlimit on a credit card (when your balance is close to, or above, the credit limit) is especially negative. The more accounts in this situation, the more it affects your score. Note that in some cases, such as for very high credit scores, as little as 20% usage may have a negative impact, although minor. Low usage, on the other hand, is usually considered positive because it provides lenders with information on how you use credit. It also shows that you do not need to use all of the credit available to you.

Length of credit history

On average, the age of your account(s) is 3 years and 4 months.
This is making your score lower. Having had credit accounts for a long time is a positive factor because your credit history allows lenders to evaluate how you typically use credit and repay your debts. Credit reports with approximately 30 years of history are considered optimal. Meanwhile, up to 7 years of history may be considered short, and less than 3 years of history is often considered too little. It is worth noting that your accounts may have been open longer than your credit reports suggest, as lenders can be slow to report new accounts to the credit bureaus. What matters is how long your accounts have been recorded in your reports.

Here are the top factors that make your score higher:

Credit applications

You did not apply for credit in the past 6 months, as recorded in this credit report.
This is making your score higher. Applying for credit many times within a short period can hurt your credit score. When you apply for any type of credit (such as an auto loan, credit card, department store card, or mortgage), the lender considering your application checks your credit history. This is recorded in your credit report as a "hard inquiry." Although inquiries are an unavoidable result of applying for credit, lenders dislike seeing many within a short period (such as 6 months). This is because they do not know whether you are "shopping" for the best offer, or if you are desperately trying to get credit because of financial trouble. Therefore, try to limit your comparison to a small number of lenders when "shopping" for the best offer.

Payment history

Last reported month, you paid all of your accounts on time.
This only includes accounts updated in the past 3 months.
This is making your score higher. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.

Credit usage

You are not using any revolving account at more than 70% of their credit limit.
This only includes your open accounts for which the credit limit/loan amount is available.
This is making your score higher. High usage (such as balances above 50% of the credit limit) is usually considered negative, because lenders worry that you may be using more credit than you can reasonably afford to repay. Being "maxed out" or overlimit on a credit card (when your balance is close to, or above, the credit limit) is especially negative. The more accounts in this situation, the more it affects your score. Note that in some cases, such as for very high credit scores, as little as 20% usage may have a negative impact, although minor. Low usage, on the other hand, is usually considered positive because it provides lenders with information on how you use credit. It also shows that you do not need to use all of the credit available to you.

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Overview
The following list provides tips for improving your credit score. CreditXpert Credit Wizard(tm) believes these actions would most improve your score. Their order is important because each action may build on the results of previous ones. Some actions may be repeated if they apply to multiple accounts. Keep in mind that you cannot impact negative factors such as length of credit history or past delinquencies.

Here is your current situation, reflecting your credit report as of today:

Score: Your credit score is currently 625.

What could it be? We estimate that in one month, due to the normal aging process of your credit profile, your credit score may be 626.

Net Increase: +1

The following actions may improve your score:

Reducing the average usage (the sum of balances divided by the sum of credit limits) on your revolving accounts.You can do this by paying down some of the balance on an existing account, or by opening a new account.
Action:Reducing the usage level on your DISCOVER FINANCIAL SVC account (# 601100009080****).
Method:Paying $5,000 on your DISCOVER FINANCIAL SVC account (# 601100009080****).
Score Impact:Potential increase of +19 points (from 626 to 645)

Summary of score improvement due to listed actions:

Your credit score is currently 625.
Estimated score after these actions: 645.
Estimated improvement of your score from these actions: +20.

Summary of available cash usage:

Amount of cash available to improve your credit score: $5,000.
Estimated amount of cash needed for these actions: $5,000.

Notes

Proposed actions
CreditXpert Credit Wizard(tm) simulates thousands of potential actions that can be taken on the accounts listed in your credit report. Of these thousands, only those actions that significantly improve your credit score are listed.
Accuracy and timeframe for score improvement
The "optimized" score shown is only an estimate, and we do not guarantee that your credit score will improve by this exact amount should you take all of the recommended actions. This is because other information in your credit report (such as account balances) may change at the same time. Also, some of the recommended actions may require more than one month to take effect, as lenders may not immediately report your updated account information (such as new account or lower balance) to the credit bureaus. As a result, allow up to 3 months for your score to improve after you take an action on a credit account.
Score change after aging
CreditXpert Credit Wizard(tm) automatically ages your credit accounts by 1 month to reflect how your credit profile would look in one month. In this simulation, we assume that you will make on-time minimum payments on all of your accounts, that you will not increase your revolving balances, and that lenders will report your new account information next month. Since some of these assumptions may not occur, your actual score in one month may vary from this projection.
Payments and balance transfers
Payments and transfers are assumed to be made at once and completely, not gradually over time. Account terms, such as interest rate (APR) and balance transfer fees, are not available and therefore not considered when suggesting balance transfers between accounts. When transferring large balances between accounts, verify that the difference in APR will not cause you to pay excessive interest. Note that accounts for which the credit limit/loan amount is missing may not be used in some actions.

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CreditXpert Score:

629

Overview

Background

Credit scores are based on the information in your credit bureau report. The majority of CreditXpert Credit Scores(tm) are between 350 and 850. Higher scores are better. With a high score, you have a good chance of getting the loans you want. Keep in mind that when lenders evaluate a credit application, credit scores are not the only factor they use in making their decision. They usually ask for additional information (such as income and monthly payments) to determine your ability to repay the loan.

Summary

Currently, your CreditXpert Credit Score(tm) will make it difficult for you to get the best offers from lenders, especially for credit cards. Be prepared to pay higher fees and interest rates and/or to make a deposit or down payment. Also, you may not be able to get high credit limits and loan amounts. However, if you demonstrate that you are reliable by always paying your bills on time, your credit score can improve significantly.

Explanation

Both negative and positive factors influence your credit score. The most important factors of each are listed below, in their order of importance. Remember, 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. The same is true for positive factors if you have a very low credit score.

Here are the top factors that make your score lower:

Payment history

In the past, 2 of your accounts have become derogatory (such as being sent to collections or declared as a loss by the lender).
This only includes accounts updated in the past 3 years.
This is making your score lower. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.

Length of credit history

You opened your first credit account 9 years and 7 months ago.
This may not include accounts you closed more than 7 years ago.
This is making your score lower. Having had credit accounts for a long time is a positive factor because your credit history allows lenders to evaluate how you typically use credit and repay your debts. Credit reports with approximately 30 years of history are considered optimal. Meanwhile, up to 7 years of history may be considered short, and less than 3 years of history is often considered too little. It is worth noting that your accounts may have been open longer than your credit reports suggest, as lenders can be slow to report new accounts to the credit bureaus. What matters is how long your accounts have been recorded in your reports.

Credit usage

You currently owe $11,965 on your revolving account(s).
This is making your score lower. High balances are a negative factor because lenders worry that you are living beyond your means and may not be able to repay them. This is particularly true with credit card balances, but less a concern with installment loans such as mortgages and auto loans. Lenders evaluate how much you owe (your debt) in relation to how much you earn (your income), however they know that changes in your employment and certain life events (such as divorce or illness) may make it hard to pay your bills. Low balances, on the other hand, are a positive factor because lenders do not stand to lose as much if you become unable to repay them. However, never using your credit accounts may be considered a negative factor. This is because it does not provide lenders with information about how you typically use credit and repay your debts.

Here are the top factors that make your score higher:

Credit applications

You did not apply for credit in the past 6 months, as recorded in this credit report.
This is making your score higher. Applying for credit many times within a short period can hurt your credit score. When you apply for any type of credit (such as an auto loan, credit card, department store card, or mortgage), the lender considering your application checks your credit history. This is recorded in your credit report as a "hard inquiry." Although inquiries are an unavoidable result of applying for credit, lenders dislike seeing many within a short period (such as 6 months). This is because they do not know whether you are "shopping" for the best offer, or if you are desperately trying to get credit because of financial trouble. Therefore, try to limit your comparison to a small number of lenders when "shopping" for the best offer.

Payment history

Last reported month, you paid all of your accounts on time.
This only includes accounts updated in the past 3 months.
This is making your score higher. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.

Credit accounts

You opened 1 credit card(s) in the past 2 years.
This is making your score higher. Having accounts listed in your credit reports is a positive factor because the accounts' payment history shows lenders how you pay your bills. However, having too many accounts may be considered a negative factor because lenders worry that you are spending (or preparing to spend) beyond your means, even if you have never missed payments. Also, if you do not currently have credit, getting your first few credit cards may be difficult and may involve high fees, high interest rates, and low credit limits. Note that finance trades (such as debt consolidation accounts) are often associated with troubled credit, and may therefore be considered a negative factor.

Optimizer Results Return to Top

Here is your current situation, reflecting your credit report as of today:

Score: Your credit score is currently 629.

What could it be? We estimate that in one month, due to the normal aging process of your credit profile, your credit score may be 630.

Net Increase: +1

The following actions may improve your score:

Reducing the average usage (the sum of balances divided by the sum of credit limits) on your revolving accounts.You can do this by paying down some of the balance on an existing account, or by opening a new account.
Action:Reducing the usage level on your DISCOVR CD account (# 601100009080****).
Method:Paying $5,000 on your DISCOVR CD account (# 601100009080****).
Score Impact:Potential increase of +17 points (from 630 to 647)

Summary of score improvement due to listed actions:

Your credit score is currently 629.
Estimated score after these actions: 647.
Estimated improvement of your score from these actions: +18.

Summary of available cash usage:

Amount of cash available to improve your credit score: $5,000.
Estimated amount of cash needed for these actions: $5,000.

Notes

Proposed actions
CreditXpert Credit Wizard(tm) simulates thousands of potential actions that can be taken on the accounts listed in your credit report. Of these thousands, only those actions that significantly improve your credit score are listed.
Accuracy and timeframe for score improvement
The "optimized" score shown is only an estimate, and we do not guarantee that your credit score will improve by this exact amount should you take all of the recommended actions. This is because other information in your credit report (such as account balances) may change at the same time. Also, some of the recommended actions may require more than one month to take effect, as lenders may not immediately report your updated account information (such as new account or lower balance) to the credit bureaus. As a result, allow up to 3 months for your score to improve after you take an action on a credit account.
Score change after aging
CreditXpert Credit Wizard(tm) automatically ages your credit accounts by 1 month to reflect how your credit profile would look in one month. In this simulation, we assume that you will make on-time minimum payments on all of your accounts, that you will not increase your revolving balances, and that lenders will report your new account information next month. Since some of these assumptions may not occur, your actual score in one month may vary from this projection.
Payments and balance transfers
Payments and transfers are assumed to be made at once and completely, not gradually over time. Account terms, such as interest rate (APR) and balance transfer fees, are not available and therefore not considered when suggesting balance transfers between accounts. When transferring large balances between accounts, verify that the difference in APR will not cause you to pay excessive interest. Note that accounts for which the credit limit/loan amount is missing may not be used in some actions.

Return to Top

CreditXpert Score:

653

Overview

Background

Credit scores are based on the information in your credit bureau report. The majority of CreditXpert Credit Scores(tm) are between 350 and 850. Higher scores are better. With a high score, you have a good chance of getting the loans you want. Keep in mind that when lenders evaluate a credit application, credit scores are not the only factor they use in making their decision. They usually ask for additional information (such as income and monthly payments) to determine your ability to repay the loan.

Summary

Currently, your CreditXpert Credit Score(tm) will make it difficult for you to get the best offers from lenders, especially for credit cards. Be prepared to pay higher fees and interest rates and/or to make a deposit or down payment. Also, you may not be able to get high credit limits and loan amounts. However, if you demonstrate that you are reliable by always paying your bills on time, your credit score can improve significantly.

Explanation

Both negative and positive factors influence your credit score. The most important factors of each are listed below, in their order of importance. Remember, 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. The same is true for positive factors if you have a very low credit score.

Here are the top factors that make your score lower:

Payment history

In the past, you have missed 3 consecutive payments (or have become derogatory) on 3 account(s).
This is making your score lower. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.

Length of credit history

You opened your first credit account 9 years and 7 months ago.
This may not include accounts you closed more than 7 years ago.
This is making your score lower. Having had credit accounts for a long time is a positive factor because your credit history allows lenders to evaluate how you typically use credit and repay your debts. Credit reports with approximately 30 years of history are considered optimal. Meanwhile, up to 7 years of history may be considered short, and less than 3 years of history is often considered too little. It is worth noting that your accounts may have been open longer than your credit reports suggest, as lenders can be slow to report new accounts to the credit bureaus. What matters is how long your accounts have been recorded in your reports.

Credit usage

On average, you currently owe $3,363 on each of your credit cards.
This only includes your open accounts.
This is making your score lower. High balances are a negative factor because lenders worry that you are living beyond your means and may not be able to repay them. This is particularly true with credit card balances, but less a concern with installment loans such as mortgages and auto loans. Lenders evaluate how much you owe (your debt) in relation to how much you earn (your income), however they know that changes in your employment and certain life events (such as divorce or illness) may make it hard to pay your bills. Low balances, on the other hand, are a positive factor because lenders do not stand to lose as much if you become unable to repay them. However, never using your credit accounts may be considered a negative factor. This is because it does not provide lenders with information about how you typically use credit and repay your debts.

Here are the top factors that make your score higher:

Credit accounts

You have 8 revolving account(s) listed in your credit report.
This is making your score higher. Having accounts listed in your credit reports is a positive factor because the accounts' payment history shows lenders how you pay your bills. However, having too many accounts may be considered a negative factor because lenders worry that you are spending (or preparing to spend) beyond your means, even if you have never missed payments. Also, if you do not currently have credit, getting your first few credit cards may be difficult and may involve high fees, high interest rates, and low credit limits. Note that finance trades (such as debt consolidation accounts) are often associated with troubled credit, and may therefore be considered a negative factor.

Payment history

Last reported month, you paid all of your accounts on time.
This only includes accounts updated in the past 3 months.
This is making your score higher. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.

Credit usage

You are not using any revolving account at more than 70% of their credit limit.
This only includes your open accounts for which the credit limit/loan amount is available.
This is making your score higher. High usage (such as balances above 50% of the credit limit) is usually considered negative, because lenders worry that you may be using more credit than you can reasonably afford to repay. Being "maxed out" or overlimit on a credit card (when your balance is close to, or above, the credit limit) is especially negative. The more accounts in this situation, the more it affects your score. Note that in some cases, such as for very high credit scores, as little as 20% usage may have a negative impact, although minor. Low usage, on the other hand, is usually considered positive because it provides lenders with information on how you use credit. It also shows that you do not need to use all of the credit available to you.

Optimizer Results Return to Top

Here is your current situation, reflecting your credit report as of today:

Score: Your credit score is currently 653.

What could it be? We estimate that in one month, due to the normal aging process of your credit profile, your credit score may be 654.

Net Increase: +1

The following actions may improve your score:

Reducing the average usage (the sum of balances divided by the sum of credit limits) on your revolving accounts.You can do this by paying down some of the balance on an existing account, or by opening a new account.
Action:Reducing the usage level on your DISCOVER FIN account (# 601100009080****).
Method:Paying $5,000 on your DISCOVER FIN account (# 601100009080****).
Score Impact:Potential increase of +13 points (from 654 to 667)

Summary of score improvement due to listed actions:

Your credit score is currently 653.
Estimated score after these actions: 667.
Estimated improvement of your score from these actions: +14.

Summary of available cash usage:

Amount of cash available to improve your credit score: $5,000.
Estimated amount of cash needed for these actions: $5,000.

Notes

Proposed actions
CreditXpert Credit Wizard(tm) simulates thousands of potential actions that can be taken on the accounts listed in your credit report. Of these thousands, only those actions that significantly improve your credit score are listed.
Accuracy and timeframe for score improvement
The "optimized" score shown is only an estimate, and we do not guarantee that your credit score will improve by this exact amount should you take all of the recommended actions. This is because other information in your credit report (such as account balances) may change at the same time. Also, some of the recommended actions may require more than one month to take effect, as lenders may not immediately report your updated account information (such as new account or lower balance) to the credit bureaus. As a result, allow up to 3 months for your score to improve after you take an action on a credit account.
Score change after aging
CreditXpert Credit Wizard(tm) automatically ages your credit accounts by 1 month to reflect how your credit profile would look in one month. In this simulation, we assume that you will make on-time minimum payments on all of your accounts, that you will not increase your revolving balances, and that lenders will report your new account information next month. Since some of these assumptions may not occur, your actual score in one month may vary from this projection.
Payments and balance transfers
Payments and transfers are assumed to be made at once and completely, not gradually over time. Account terms, such as interest rate (APR) and balance transfer fees, are not available and therefore not considered when suggesting balance transfers between accounts. When transferring large balances between accounts, verify that the difference in APR will not cause you to pay excessive interest. Note that accounts for which the credit limit/loan amount is missing may not be used in some actions.

Disclaimer:
A ScoreWizard Credit Score is provided to help you better understand how lenders evaluate your credit report. It is not an endorsement or a determination of your qualification for a loan. 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, lenders will incorporate additional information you provide and may obtain references. In addition, even if you are approved, the terms and conditions of loans may vary from lender to lender. The higher your credit score, the better. With a better credit score, you are more likely to be eligible for the best credit card and loan offers, including terms and conditions, such as interest, fees, and benefits. The information used to determine a ScoreWizard Credit Score comes from your credit report at one of the major credit bureaus. Your credit reports are a compilation of your credit information that is reported to the bureaus by various institutions such as lenders with which you have accounts. The information contained in your credit reports reflects the latest information provided. If you recently made a payment, opened a new account, or authorized a credit inquiry, it may not yet be reflected in your reports. Likewise, it will not be reflected in your ScoreWizard Credit Score, ScoreWizard Analyzer, ScoreWizard Advisor, or ScoreWizard Bureau Comparison. Also, disputed items are not incorporated in the assessment of a ScoreWizard Credit Score. Be aware that your score may change every time new information is added to your credit report. In addition, the ScoreWizard Credit Score you receive is only as accurate as the information it is based upon. ScoreWizard Inc. is not responsible for misinformation (incorrect or missing information) in your credit report(s), which may lead to a counter-intuitive or even incorrect analysis. Carefully review all the information in your credit reports to make sure it is accurate and current. If you need advice about how to handle financial problems, you can seek help from a non-profit credit counseling organization. The ScoreWizard Credit Score is calculated based on many of the same criteria considered by the leading consumer credit scoring companies, producing in most cases a consumer credit score that duplicates or closely approximates the typical consumer credit score used by banks, mortgage lenders, and loan companies when determining creditworthiness. ScoreWizard is not connected in any way with Fair, Isaac and Company; the ScoreWizard Credit Score is not a so-called FICO score. Neither CreditXpert Inc. nor Neuristics LLC represent that the ScoreWizard Credit Scores are identical in every respect to any consumer credit score produced by any other company.