Understanding Your Avail Credit Report

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The Avail Credit Report presents credit information from all three major credit reporting agencies combined in one credit report. The major reporting agencies are Experian, Equifax and Trans Union.  The report is designed to present specific information in ten different categories. They are as follows:

• Borrower Information
• Red Flag Alerts
• Score Models
• Trade Summary
• Trade Lines
• Public Records
• Alerts
• Recent Inquiries
• Data Source Information

Although each of the categories are self-explanatory, each will be discussed.

Borrower Information:

Name, current address and social security number will appear here.

Red Flag Alerts:

If more than one social security number is listed in your credit profile, it  will appear in this section.

OFAC:

Stands for “Office of Foreign Asset Control”. The Federal
Government requires the reporting agency to report any information
of assets that you may have in a foreign country.

Fraud Screen:

Any suspected fraudulent activity detected by the  reporting agency or complaints by the consumer, such as identity theft will appear in this section.

Score Models: The scoring codes of the respective reporting agencies are for  information purposes only. The codes are indicators of why you may
have negative information in your file.

Trade Summary:

This is a summary of all the open credit accounts by categories.

Trade Lines:

All the open and close credit accounts will appear in this section. Negative credit accounts can remain on your record up to 7 years, bankruptcy 10 years. Good credit accounts will remain basically forever.

Understanding the Trade Line Section:

Starting from left to right.

Whose:

Is the code for the relationship of the borrower to the account.

• B-I:     Borrower Individual
• B-A:    Borrower Authorized
• B-S:      Borrower Signer
• B-U:    Borrower Undetermined (Not enough information to determine who owns the account).
• B-T:    Terminated
• B-X:    Borrower Deceased
• J    :    Joint Account, generally spouses.

Source:

Codes of the reporting agency that is reporting the information.
XP=Experian, TU=Trans Union, EF=Equifax

Second Column:

will have the creditor name, account number and perhaps a statement of what type of credit account.

Third Column:

Type of account, Mort (Mortgage), Auto, Rev. (Revolving) and  Install (Installment).

Term:

Is the definite period in which an account should be paid off.
For example, a 30 year mortgage would have “360” months.
A 5 year auto contract would state “60” months.

Fourth Column:

Shows last reporting month and year and month and year the  account was opened.

Fifth Column:

The high credit limit for that creditor with the current balance.

Sixth Column:

Monthly payment amount and amount past due.

Columns 7-9:

The number of times the account has been late in the respective
categories, 30, 60 & 90 days.

Columns 10-12:

The top section may contain comments such as, paid-as agreed,
closed-as agreed, closed-delinq.120+.

MR:

Stands for months reported

Last Late:

Month & year

DLA:

Date of last activity

Public Records:

This section will contain official public recordings such as, bankruptcy,
judgments and tax lien recordings. Public recordings are difficult to challenge and have removed unless you can prove mistaken identity.

Alerts:

Any information that would place a creditor on notice of potential problems with your credit profile.

Recent Inquiries:

Credit report inquiries remain on your report up to 2 years.

Data Source Information:

The credit reporting agency source.