A Credit Report provides instant and accurate information regarding an insured's credit history and credit score for underwriting determinations. In addition to the standard reports, we can develop custom reports to meet your company's needs.
The Credit Report is divided into four general sections and provides the following information:
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Demographic Information |
Helps verify an applicant's identity by providing the applicant's name, current address, telephone number, employer, and employer's address. |
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Special Messages |
Contains messages about specific credit-file conditions. |
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Model Profile |
Displays a credit score that predicts an applicant's future credit performance. The system also displays up to four reason codes, also known as risk factors, that affect the final score. |
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Credit Summary |
The credit summary provides a snapshot of all activity in the credit report. This section shows — for each account listed — the highest amount ever owed, the credit limit, the balance owed, the past-due amount, the monthly payment, and the percentage of credit available for revolving, check/credit, or open accounts. |