Learn how to read a tenants credit report with our 7 simple steps. The webinar video can be found at: http://info.rentjuice.com/webinar-unraveling-a-renters-credit-report

1. Unraveling A Renter’s
Credit Report
Ian Long!
Operations Manager
Sarah Gabot
Marketing Coordinator

3. What it all does mean?
680
FICO Score
Trade Lines
Scorecards
Inquiries
Loans
Debt
512

4. Good Credit =
Financially Responsible

5. 3 Credit Institutions

6. 3 Credit Institutions
Equifax
Experian
TransUnion

7. 3 Credit Institutions
Equifax
Experian
TransUnion

8. TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 4/7/2011
Personal Information
Name: JOHN PUBLIC Date of Birth: 1/1/1970
SSN: 123-45-6789 Phone:
On File Since: 1/1/1990
Address: 123 Main St
SMALLVILLE CA 12345
Reported On: 1/1/2010
Employment Information
Company Name: ABC CORPORATION Date Hired: 1/1/2000 Occupation: MANAGER
Date Reported: Income:
Separation Date:
Company Name: XYZ CORPORATION Date Hired: 9/1/2005 Occupation: ASSOCIATE
Date Reported: Income:
Separation Date:
Report Summary
Total # of Trades: 18 30 Days: 0 Accounts Balance: $260,022
Current Trades: 17 60 Days: 0 Mnthly Payment: $309
Unrated Trades: 1 90+ Days: 0 Credit Limit: $98,850
Curr Neg Trades: 0 Inquiries: 2 High Credit: $325,437
Hist Neg Trades: 0 Inq. last 6 mnths: 1 Total Real Est. Bal.: N/A
No. of Accts Paid: 4 Public Records: 0 Total Rev. Bal.: $461
Curr Past Due: 0 Collections: 0 Tot. Installment Bal.: $259,561
Amount Past Due: $0 Oldest Trade: 10/7/1993 Available %: 100
Scorecards
Scorecard: FICO Risk Score, Classic 04
Score: 793
Reasons: (030) Time since most recent account opening is too short
(012) Length of time revolving accounts have been established
(003) Proportion of loan balances to loan amounts is too high
(028) Number of established accounts
No alert information is found in the file and/or inquiries do not impact the credit score
Trade Lines
Firm Name/ID Opened Credit Limit Balance MoPmnt 30 60 90
dfddf Number
Account Reported High Credit Past Due MoRep Pattern

9. 7
6
5
4
3
2
1

10. Step
1
Personal Information

11. Step
1
TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 4/7/2011
Personal Information
Name: JOHN PUBLIC Date of Birth: 1/1/1970
SSN: 123-45-6789 Phone:
On File Since: 1/1/1990
Address: 123 Main St
SMALLVILLE CA 12345
Reported On: 1/1/2010
Employment Information
Company Name: ABC CORPORATION Date Hired: 1/1/2000 Occupation: MANAGER
Date Reported: Income:
Separation Date:
Company Name: XYZ CORPORATION Date Hired: 9/1/2005 Occupation: ASSOCIATE
Date Reported: Income:
Separation Date:
Report Summary
Total # of Trades: 18 30 Days: 0 Accounts Balance: $260,022
Current Trades: 17 60 Days: 0 Mnthly Payment: $309
Unrated Trades: 1 90+ Days: 0 Credit Limit: $98,850
Curr Neg Trades: 0 Inquiries: 2 High Credit: $325,437
Hist Neg Trades: 0 Inq. last 6 mnths: 1 Total Real Est. Bal.: N/A
No. of Accts Paid: 4 Public Records: 0 Total Rev. Bal.: $461
Curr Past Due: 0 Collections: 0 Tot. Installment Bal.: $259,561
Amount Past Due: $0 Oldest Trade: 10/7/1993 Available %: 100
Scorecards
Scorecard: FICO Risk Score, Classic 04
Score: 793
Reasons: (030) Time since most recent account opening is too short
(012) Length of time revolving accounts have been established
(003) Proportion of loan balances to loan amounts is too high
(028) Number of established accounts
No alert information is found in the file and/or inquiries do not impact the credit score
Trade Lines
Personal !
Firm Name/ID Opened Credit Limit Balance MoPmnt 30 60 90
dfddf Number
Account Reported High Credit Past Due MoRep Pattern
Information

12. Step 1
Confirm
their identity

13. 1
Step 1
þ
Applicant’s name
þ
Social Security #
þ
Date of Birth

14. Step
2
TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 4/7/2011
Personal Information
Name: JOHN PUBLIC Date of Birth: 1/1/1970
SSN: 123-45-6789 Phone:
On File Since: 1/1/1990
Address: 123 Main St
SMALLVILLE CA 12345
Reported On: 1/1/2010
Employment Information
Company Name: ABC CORPORATION Date Hired: 1/1/2000 Occupation: MANAGER
Date Reported: Income:
Separation Date:
Company Name: XYZ CORPORATION Date Hired: 9/1/2005 Occupation: ASSOCIATE
Date Reported: Income:
Separation Date:
Report Summary
Total # of Trades: 18 30 Days: 0 Accounts Balance: $260,022
Current Trades: 17 60 Days: 0 Mnthly Payment: $309
Unrated Trades: 1 90+ Days: 0 Credit Limit: $98,850
Curr Neg Trades: 0 Inquiries: 2 High Credit: $325,437
Hist Neg Trades: 0 Inq. last 6 mnths: 1 Total Real Est. Bal.: N/A
No. of Accts Paid: 4 Public Records: 0 Total Rev. Bal.: $461
Curr Past Due: 0 Collections: 0 Tot. Installment Bal.: $259,561
Amount Past Due: $0 Oldest Trade: 10/7/1993 Available %: 100
Scorecards
Scorecard: FICO Risk Score, Classic 04
Score: 793
Reasons: (030) Time since most recent account opening is too short
(012) Length of time revolving accounts have been established
(003) Proportion of loan balances to loan amounts is too high
(028) Number of established accounts
No alert information is found in the file and/or inquiries do not impact the credit score
Employment!
Trade Lines
Firm Name/ID Opened Credit Limit Balance MoPmnt 30 60 90
dfddf Number
Account Reported High Credit Past Due MoRep Pattern
Information

15. Step
2
þ
Employer
þ
Income
ainudil (Flickr)

16. Step
3
TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 4/7/2011
Personal Information
Name: JOHN PUBLIC Date of Birth: 1/1/1970
SSN: 123-45-6789 Phone:
On File Since: 1/1/1990
Address: 123 Main St
SMALLVILLE CA 12345
Reported On: 1/1/2010
Employment Information
Company Name: ABC CORPORATION Date Hired: 1/1/2000 Occupation: MANAGER
Date Reported: Income:
Separation Date:
Company Name: XYZ CORPORATION Date Hired: 9/1/2005 Occupation: ASSOCIATE
Date Reported: Income:
Separation Date:
Report Summary
Total # of Trades: 18 30 Days: 0 Accounts Balance: $260,022
Current Trades: 17 60 Days: 0 Mnthly Payment: $309
Unrated Trades: 1 90+ Days: 0 Credit Limit: $98,850
Curr Neg Trades: 0 Inquiries: 2 High Credit: $325,437
Hist Neg Trades: 0 Inq. last 6 mnths: 1 Total Real Est. Bal.: N/A
No. of Accts Paid: 4 Public Records: 0 Total Rev. Bal.: $461
Curr Past Due: 0 Collections: 0 Tot. Installment Bal.: $259,561
Amount Past Due: $0 Oldest Trade: 10/7/1993 Available %: 100
Scorecards
Scorecard: FICO Risk Score, Classic 04
Score: 793
Reasons: (030) Time since most recent account opening is too short
(012) Length of time revolving accounts have been established
(003) Proportion of loan balances to loan amounts is too high
(028) Number of established accounts
No alert information is found in the file and/or inquiries do not impact the credit score
Trade Lines
Report !
Firm Name/ID Opened Credit Limit Balance MoPmnt 30 60 90
dfddf Number
Account Reported High Credit Past Due MoRep Pattern
Summary

17. Images_of_Money
(Flickr)

18. Step
3
þ
Late payments
þ
Amount of debt

20. Step
4
FICO Score

21. Step
4
TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 4/7/2011
Personal Information
Name: JOHN PUBLIC Date of Birth: 1/1/1970
SSN: 123-45-6789 Phone:
On File Since: 1/1/1990
Address: 123 Main St
SMALLVILLE CA 12345
Reported On: 1/1/2010
Employment Information
Company Name: ABC CORPORATION Date Hired: 1/1/2000 Occupation: MANAGER
Date Reported: Income:
Separation Date:
Company Name: XYZ CORPORATION Date Hired: 9/1/2005 Occupation: ASSOCIATE
Date Reported: Income:
Separation Date:
Report Summary
Total # of Trades: 18 30 Days: 0 Accounts Balance: $260,022
Current Trades: 17 60 Days: 0 Mnthly Payment: $309
Unrated Trades: 1 90+ Days: 0 Credit Limit: $98,850
Curr Neg Trades: 0 Inquiries: 2 High Credit: $325,437
Hist Neg Trades: 0 Inq. last 6 mnths: 1 Total Real Est. Bal.: N/A
No. of Accts Paid: 4 Public Records: 0 Total Rev. Bal.: $461
Curr Past Due: 0 Collections: 0 Tot. Installment Bal.: $259,561
Amount Past Due: $0 Oldest Trade: 10/7/1993 Available %: 100
Scorecards
Scorecard: FICO Risk Score, Classic 04
Score: 793
Reasons: (030) Time since most recent account opening is too short
(012) Length of time revolving accounts have been established
(003) Proportion of loan balances to loan amounts is too high
(028) Number of established accounts
No alert information is found in the file and/or inquiries do not impact the credit score
Trade Lines
Firm Name/ID Opened Credit Limit Balance MoPmnt 30 60 90
dfddf Number
Account Reported High Credit Past Due MoRep Pattern
FICO SCORE

22. FICO Score Chart
> 680
Excellent
620 - 679
Good
580 - 619
Average
< 580
Low

23. < 600

24. FICO Score Chart
> 680
Excellent
620 - 679
Good
580 - 619
Average
< 580
Low

25. Step
5
TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 4/7/2011
Personal Information
Name: JOHN PUBLIC Date of Birth: 1/1/1970
SSN: 123-45-6789 Phone:
On File Since: 1/1/1990
Address: 123 Main St
SMALLVILLE CA 12345
Reported On: 1/1/2010
Employment Information
Company Name: ABC CORPORATION Date Hired: 1/1/2000 Occupation: MANAGER
Date Reported: Income:
Separation Date:
Company Name: XYZ CORPORATION Date Hired: 9/1/2005 Occupation: ASSOCIATE
Date Reported: Income:
Separation Date:
Report Summary
Total # of Trades: 18 30 Days: 0 Accounts Balance: $260,022
Current Trades: 17 60 Days: 0 Mnthly Payment: $309
Unrated Trades: 1 90+ Days: 0 Credit Limit: $98,850
Curr Neg Trades: 0 Inquiries: 2 High Credit: $325,437
Hist Neg Trades: 0 Inq. last 6 mnths: 1 Total Real Est. Bal.: N/A
No. of Accts Paid: 4 Public Records: 0 Total Rev. Bal.: $461
Curr Past Due: 0 Collections: 0 Tot. Installment Bal.: $259,561
Amount Past Due: $0 Oldest Trade: 10/7/1993 Available %: 100
Scorecards
Scorecard: FICO Risk Score, Classic 04
Score: 793
Reasons: (030) Time since most recent account opening is too short
Trade Lines
(012) Length of time revolving accounts have been established
(003) Proportion of loan balances to loan amounts is too high
(028) Number of established accounts
No alert information is found in the file and/or inquiries do not impact the credit score
Trade Lines
a.k.a.
Firm Name/ID Opened Credit Limit Balance MoPmnt 30 60 90
dfddf Number
Account Reported High Credit Past Due MoRep Pattern
Account History

27. Account History or “Trades”
þ
Payment History
þ
Types of debt

28. Step 5

29. Step
6
TRANS UNION Credit Profile Report
TRANS UNION
2 BALDWIN PLACE, P. O. BOX 1000
CHESTER, PA. 19022
800-888-4213
Date Reported: 4/7/2011
Personal Information
Name: JOHN PUBLIC Date of Birth: 1/1/1970
SSN: 123-45-6789 Phone:
Inquiries
On File Since: 1/1/1990
Address: 123 Main St
SMALLVILLE CA 12345
Reported On: 1/1/2010
Employment Information
Company Name: ABC CORPORATION Date Hired: 1/1/2000 Occupation: MANAGER
Date Reported: Income:
Separation Date:
Company Name: XYZ CORPORATION Date Hired: 9/1/2005 Occupation: ASSOCIATE
Date Reported: Income:
Separation Date:
Report Summary
Total # of Trades: 18 30 Days: 0 Accounts Balance: $260,022
Current Trades: 17 60 Days: 0 Mnthly Payment: $309
Unrated Trades: 1 90+ Days: 0 Credit Limit: $98,850
Curr Neg Trades: 0 Inquiries: 2 High Credit: $325,437
Hist Neg Trades: 0 Inq. last 6 mnths: 1 Total Real Est. Bal.: N/A
No. of Accts Paid: 4 Public Records: 0 Total Rev. Bal.: $461
Curr Past Due: 0 Collections: 0 Tot. Installment Bal.: $259,561
Amount Past Due: $0 Oldest Trade: 10/7/1993 Available %: 100
Scorecards
Scorecard: FICO Risk Score, Classic 04
Score: 793
Reasons: (030) Time since most recent account opening is too short
(012) Length of time revolving accounts have been established
(003) Proportion of loan balances to loan amounts is too high
(028) Number of established accounts
No alert information is found in the file and/or inquiries do not impact the credit score
Trade Lines
Firm Name/ID Opened Credit Limit Balance MoPmnt 30 60 90
dfddf Number
Account Reported High Credit Past Due MoRep Pattern

30. What
are
credit inquiries

31. Number
of
requests
for a
FICO = 678
credit report

32. People with 6 or more inquiries
8 times more likely
to declare bankruptcy
-FICO

33. Step
7
Public Records

34. Eviction History
Bankruptcy
Foreclosures

35. Putting it All Together

36. Common misconception

37. Debt is bad, right?

38. Debt is ok!
Well, some.

39. a me h ere
Yo ur n

40. Pick me!

42. Adverse Action Letter

43. Reasons for Rejection
☐
More qualified renter
☐
Insufficient income
☐ Eviction/Foreclosure/Bankruptcy Record
☐ Credit history

44. Big Takeaway
Good credit = Paid rent

45. What Next?
rentjuice.com/rental-marketing-resources
blog.rentjuice.com
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