Credit Reporting 101
Top of the Tier
Middle of the Road
Down but not Out?
Why Don't we Steal-away?
100
A record of your credit activities, used by the credit union to determine a member's interest rate on a loan.
What is a credit report?
100
Review Ishan Badaan - Date that his first CitiBank student loan was opened
What is 08/13?
100
Review Daniel Bbeige - revolving trade line(s) that needs explanation to Underwriting and why
What is Badcock, due to recent delinquencies and Gelowbrc, due to consumer dispute?
100
Review Andre Tthrift - type of Public Record found on credit report
What is a Ch. 13?
100
Review Daniel Bbeige - 2 loans that may qualify for a "steal-away"
What is FMCC, Citifinance, 1st Comm, 1stCAPCU (2 loans)?
200
Used to determine the member's debt ratio, it's important to review these items every time with a member and modify as needed.
What are the trade lines?
200
Review Dallas Ggswz - Total of his raw report's outstanding revolving debt
What is $5,510?
200
Review Daniel Bbeige - Date of last activity on FMCC
What is 12/13?
200
Review Andre Tthrift - amount past due on Sky Bank secured credit line
What is $220?
200
#1 question to ask a member with secured debt(s) at another financial institution.
What is "are you aware of the interest rate/term of the current debt?"
300
Document that needs to be completed when member has a fraud alert on their credit report
What is the FACTA worksheet?
300
Review Dallas Ggswz - the monthly payment for his Mutual Savings loan
What is $292?
300
Location that contains the housing information that is used in calculating a debt ratio.
Where is the loan application?
300
Review Andre Tthrift - at least three pieces of information to provide to Underwriting on the loan request
What are the reasons for the bankruptcy, what's included in the bankruptcy, and the amount of the bankruptcy payment?
300
Review Dallas Ggswz - possible steal-away
What is the car loan from Mutual Savings - possible add in debt consolidation loan?
400
The Equifax tool that forecasts the member's potential to file bankruptcy in the next two years.
What is the Bankruptcy Navigation Index (BNI)?
400
Review Ishan Badaan - reason why the Citi credit card is not included in his debt ratio.
What is because he is an authorized user?
400
Review Indira Iinquirytest - reasons why her credit score is not higher than a 640.
What is: too many accounts with balances, too many inquiries in the last 12 months and time since most recent account opening is too short?
400
Review Helen Ggtkb - rate tier that member qualifies for.
What is C tier?
400
Review Ishan Badaan - Possible steal-away
What is a Visa line of credit or consolidation loan?
500
The section of the credit report that shows ownership of a piece of credit.
What is the ECOA?
500
Review Ishan Badaan - number of times his Stage account has been reported to a credit reporting agency
What is 19?
500
Review Indira Iinquirytest - tool used to provide details of her AAFES line of credit, such as address and phone number.
What is the Identifier Code?
500
Review Helen Ggtkb - date of last credit activity on her credit report
What is 02/08?
500
Review Vanessa Ssweetspire - possible steal-away
What is mortgage refinance or Visa line of credit?
M
e
n
u