Take Our Military VA Loan Challenge: Before you sign another lender's offer, let's compare and see how we can save you thousands!

close x

Credit Reports

Your credit report contains detailed information on your credit history, including identifying information, credit accounts and loans, bankruptcies and late payments, and recent inquiries. It can be obtained by prospective lenders with the borrower’s permission, to determine his or her creditworthiness.

Your FICO Score is one of the key factors in your credit worthiness. FICO is an acronym for the Fair Isaac Corporation, the creators of the FICO score.  It is a type of credit score that makes up a substantial portion of the credit report that lenders use to assess an applicant’s credit risk and whether to extend a loan.

Using mathematical models, the FICO score takes into account various factors in each of these five areas to determine credit risk:

  1. payment history
  2. current level of indebtedness
  3. types of credit used
  4. length of credit history
  5. and new credit

A person’s FICO score will range between 300 and 850. In general, a FICO score above 650 indicates that the individual has a very good credit history. People with scores below 620 will often find it more difficult to obtain financing at a favorable rate.

If you are not sure on your current credit score, watch this video below before you pay for your credit report.

After you see your own report, contact us.  If you see errors, discrepancies or low scores, we can advise you on how to clean up your report effectively in order to help you get a better loan and loan rate.

 Call us today at (760)-930-0325 or email us below to go over your credit report.