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Clover Bao's Credit Report Summary

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0% found this document useful (0 votes)
88 views10 pages

Clover Bao's Credit Report Summary

Uploaded by

condone26
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Prepared For

CLOVER BAO
Personal & con,dential

Date generated: Dec 3, 2023

At a glance

FICO® Score 8

753 Experian data Dec 3, 2023


300 850
Very Good

Account summary Overall credit usage Debt summary

Open accounts 1 Credit card and credit line debt $1,486

Self-reported accounts 0 Self-reported account balance $0

Accounts ever late 0 Loan debt $0

Closed accounts 0
19 % Collections debt $0

Collections 0 Total debt $1,486

Average account age 6 mos

Oldest account 6 mos

Credit used: $1,486

Credit limit: $7,800

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Personal information

Name Addresses Employers


CLOVER BAO 24825 N 19TH AVE APT 2424 -
PHOENIX, AZ 85085-0051
Also known as
-

Generational identi,er
-

Year of birth
1992

Personal statements

No Statement(s) present at this time

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Open accounts

BANK OF AMERICA $1,486

Exceptional payment history Balance updated Nov 11, 2023

 Account info
Account name BANK OF AMERICA Balance $1,486

Account number XXXX Balance updated Nov 11, 2023

Original creditor - Credit limit $7,800

Company sold - Credit usage 19%

Account type Credit card Monthly payment $35

Date opened Jun 05, 2023 Last Payment Date Oct 30, 2023

Open/closed Open Highest balance $5,211

Status Open/Never late. Terms -

Status updated Nov 2023 Responsibility Individual

Your statement -

 Payment history

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2023 - - - - -       -

 Current / Terms met - Data Unavailable

 Contact info
Address PO BOX 982238 EL PASO,
TX 79998

Phone number (800) 421-2110

 Comments
Account previously in dispute - investigation complete, reported by data furnisher

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Closed accounts

No closed accounts reported.

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Collection accounts

No collection accounts reported.

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Public records

No public records reported.

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Inquiries

No inquiries reported.

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Credit scores

FICO® Score 8

Go od Ve
74 ry G
0- o
ir 79
Fa

od
9

753
Your score is above the average of U.S. consumers and demonstrates to lenders that you are a very
dependable borrower.
Ex
cep
Poor

tional

300 850

Experian data 12/3/2023

What's helping
 No missed payments

You have no missed payments on your credit accounts.

Number of your accounts with a missed payment or derogatory indicator: 0 accounts

About 98% of FICO High Achievers have no missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average.

The FICO® Score evaluates if there are any missed payments being reported. Staying current and paying bills on time demonstrate lower credit risk.

 Not seeking credit

You're not actively looking for credit.

Your applications for credit in the past year: 0 inquiries

About 70% of FICO High Achievers did not apply for credit in the past year.

Each time a person applies for credit, a credit inquiry is usually added to your credit report. Your credit report shows relatively few or no recent credit inquiries, which indicates that you are not actively
looking for credit. People who are actively seeking credit pose more of a risk to lenders than those who are not.

 Recent credit card usage

You've shown recent use of credit cards and/or bank-issued open-ended accounts.

FICO® Scores evaluate the mix of credit cards, installment loans and mortgages. People who demonstrate recent and responsible use of credit cards and/or bank-issued open-ended accounts are
generally considered less risky to lenders.

What's hurting
 Few accounts paid on time

You have an insu`cient number of accounts that are currently paid as agreed.

Number of your accounts currently being paid as agreed: 1 account

FICO High Achievers have an average of 6 accounts currently being paid as agreed.

The FICO® Score considers the number of accounts showing on time payments. Generally, the higher the number reported the lower the risk. Compared to other people with a similar age of credit history,
the number of accounts you have that are currently paid as agreed is low.

 Lack of recent non-mortgage loan information

You have a lack of recent activity from a non-mortgage installment loan.

Your credit report shows a $0 balance on your non-mortgage loans (such as auto or student loans) or a lack of su`cient recent information about your loans. Having a non-mortgage installment loan with
no missed payments and a low balance along with other types of credit demonstrates that a person is able to manage a variety of credit types. Having a 0% installment loan balance to loan amount ratio
is considered slightly more risky than having a low installment loan ratio.

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Disclaimer

About your FICO® Score 8 or other FICO® Scores


Your FICO® Score 8 powered by Experian data is formulated using the information in your credit ,le at the time it is requested. Many but not all lenders use FICO® Score 8. In addition to the FICO® Score 8, we may offer and
provide other base or industry-speci,c FICO® Scores (such as FICO® Auto Scores and FICO® Bankcard Scores). The other FICO® Scores made available are calculated from versions of the base and industry-speci,c FICO®
Score models.

Base FICO® Scores (including the FICO® Score 8) range from 300 to 850. Industry-speci,c FICO® Scores range from 250-900. Higher scores represent a greater likelihood that you'll pay back your debts so you are viewed as
being a lower credit risk to lenders. A lower FICO® Score indicates to lenders that you may be a higher credit risk. There are many scoring models used in the marketplace. The type of score used, and its associated risk
levels, may vary from lender to lender. But regardless of what scoring model is used, they all have one purpose: to summarize your creditworthiness. Keep in mind that your score is just one factor used in the application
process. Other factors, such as your annual salary and length of employment, may also be considered by lenders when you apply for a loan.

What this means to you:


Credit scoring can help you understand your overall credit rating and help companies better understand how to serve you. Overall bene,ts of credit scoring have included faster credit approvals, reduction in human error and
bias, consistency, and better terms and rates for American consumers through reduced costs and losses for lenders. Your lender or insurer may use a different FICO® Score than FICO® Score 8 or other base or industry-
speci,c FICO® Scores provided by us, or different scoring models to determine how you score.

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