Personal Information

Scenario #3, if your score falls somewhere in the middle of the scores above and you have some of the items mentioned above, you have a mediocre credit profile.
In the credit ┬áRewards Credit Cards scoring business, different scoring companies use different scoring models. They do this because credit isn’t just credit – there are mortgages, consumer credit, and revolving credit and installment loans. Scores will and should vary between the different scoring methods depending on the facts. On top of general negative items associated with your credit report, there are other variables to consider and they all have a different weight when calculating your score.

Payment History – 35%
Amounts Owed – 30%
Length of Credit History – 15%
Types of Credit in Use – 10%
New Credit – 10%
HOW TO READ YOUR CREDIT REPORT

Your credit report contains a wealth of information about your financial activity. Although credit reports are not the easiest reports to understand, the bureaus providing the reports have tried to make them as user-friendly as possible.

Personal Information

The first section of your report will cover basic information like your name, address, and place(s) of employment. This section is used to identify you as the reports owner. Most likely, previous addresses and places of employment will also be included.

In this section, it’s not uncommon to have misspellings of your name or variations thereof. Because these misspellings and variations usually link you to a piece of credit, credit reporting agencies will usually leave these variations. It’s your job to ensure your personal information is identifying you and not someone else.

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