Viewing a Credit Report – Summary

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ICRBGEN-01

Credit Report – Summary

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Access this screen by selecting the Credit Report button on the loan application or household screens.

Check out the video related to this topic: Viewing Credit Information for Membership Applications (More videos below!)

Helpful Resources

How to View a Credit Report

Understanding the Credit Report Information Screens

I select a loan request and then when I am on the loan application screens, I do not see all ten buttons at the bottom of the screen.  Why is this happening?

Screen Overview

This screen shows general information summarized from the detail credit report, including address and employer information, as well as risk and/or bankruptcy scores and fraud summary comments, as well as various profile data describing the individual's credit history. (The exact information you get depends on your contract with the credit bureau.)

From this screen, you can proceed to other screens showing additional credit report information, depending on how the report was originally requested. See “Command Keys” below for details.

As described below, this information is gleaned directly from the detailed report. Because it will be retained for 6 months (or your CU's configured retention period), this screen will continue to provide a key reference for this individual's credit history even after the detailed report information is purged.

Remember that other than the name, address and employer information, this summary data is included for inquiry types 10=Credit File Only and 11=Credit File + Pre-screen only. The data on this screen will be stored online for 6 months (or your credit union's configured retention period).

Why doesn't one of my credit union's loans appear on a member's (or additional signer's) credit report?

Field Descriptions

Field Name

Description

Bureau

The credit bureau from which this report was received (Experian, Trans Union, or Equifax). (Shown in title of screen.)

Name

The full name f the individual as recorded in credit bureau records.

File Received Status

This may read “FRAGMENTED” if the bureau located more than one record for the same individual, resulting in a fragmented file. Otherwise it will read “COMPLETE.”

SSN

The individual's SSN or other Tax ID.

Birth year

The individual's date of birth as recorded in credit bureau records.

Requested

The date on which this report was originally requested through CU*BASE.

Report #

The sequential identification number assigned to this credit report by CU*BASE.

Current Address

The individual's current address as recorded in credit bureau records.

Previous Address

The individual's most recent previous address as recorded in credit bureau records.

Current Employer

The individual's current employer as recorded in credit bureau records.

Previous Employer

The individual most recent previous employer as recorded in credit bureau records.

Reported

The date (month and year) when Address and Employer information was last reported to the credit bureau.]

  • NOTE: Although the bureau will take note of different addresses submitted with your requests, those requests will not cause an immediate change to the bureau database. Each bureau has its own systematic way of recording changes to addresses and other information, and this online request is only one component of that system. Therefore, the reported dates on this screen will not reflect any address change that you submitted when this report was requested.

Fraud Summary

This section shows the results of the fraud detection scan performed for this individual. This typically involves reporting on any irregularities detected in the SSN or other fraud indicators.

  • This information will be included only if your contract with the credit bureau includes fraud detection services.

# Inquiries

The total number of inquiries that have been made on this individual file.

  • Each credit bureau has its own schedule for maintenance and purging of old inquiries, so the length of time that this number represents will vary depending on the bureau.

Last 6 Mos

The total number of inquiries that were made on this file during the last 6 months.

Last Inquiry

The last date on which an inquiry was made on this file (not including this inquiry).

# Satisfactory accounts

The total number of trade lines, both open and closed, that have been reported “paid as agreed.”

# Trade Lines

The total number of trade lines reported for this file.

Each credit bureau has its own schedule for maintenance and purging of trade line data, so the length of time that this number represents will vary depending on the bureau.

# Paid Off Loans

The total number of loans that have been paid down to zero during the past 24 months.

Oldest Trade Line

The open date of the oldest reported trade line for this file.

  • Each credit bureau has its own schedule for maintenance and purging of trade line data, so the length of time for which this information is tracked will vary depending on the bureau.

Installment Balance

The total outstanding balance for installment loans (non-revolving, non-real estate). Includes balances that have been reported within the last 3 months ONLY.

  • If balances were reported prior to the past three months, they may be noted on the detail report but will not included in this total.

Scheduled/Estimated Payments

The total scheduled monthly payments for all loans, including installment, real estate and revolving, that were reported for this individual.

Real Estate Estimated Balance

The total outstanding balance for real estate loans (non-revolving, non-installment). Includes balances that have been reported within the last 12 months ONLY. 

  • If balances were reported prior to the past three months, they may be noted on the detail report but will not included in this total.

Real estate estimated payment

The total scheduled monthly payments for the real estate loans included the Real Estate Estimated Bal count, described above.

Revolving line estimated balance

The total outstanding balance for revolving loans (non-real estate, non installment). Includes balances that have been reported within the last 3 months ONLY. 

  • If balances were reported prior to the past three months, they may be noted on the detail report but will not included in this total.

Revolving line available

The total available credit for the revolving loans included in the Revolving Line Est. Bal count, described above. This figure is calculated as the Credit Limit minus the Outstanding Amount Due for each of the included accounts.

Public Records

The number of civil action records on the file, excluding divorce and collections records.

Past Due Amount

The total balance due on all accounts that were reported as greater than 2 cycles (payment periods) past due.

  • This total includes all reported accounts, even those whose balances were reported longer than 3 months ago.

Currently Delq/Derogatory

The total number of accounts that were reported as currently being greater than 2 cycles (payment periods) past due.

  • This total includes all reported accounts, even those whose status was reported longer than 3 months ago.

Past Delq/Derogatory

The total number of accounts that have been reported as derogatory (greater than 2 cycles/payment periods past due) at any time during the last two years.

If an account was reported as derogatory more than once during that two-year period, each report is counted separately. For example, if an account was reported delinquent in March, then was caught up, then reported delinquent again in October, it will be counted two times in this total.

·     This total includes all reported accounts, even those whose status was reported longer than 3 months ago.

FICO Score
or
EMPIRICA Score
or
BEACON Score

This section shows the risk score for this individual, and up to four reason codes and descriptions explaining the score.

The heading for this field will depend on the credit bureau that produced the report:

Experian reports will read FICO Score
TransUnion reports will read EMPIRICA Score
Equifax reports will read BEACON Score

Tri-Merge reports will read the score of your default credit bureau.  Learn more about Tri-Merge Credit Reports.

This score will be included only if your contract with the credit bureau includes risk scoring services.

Bankruptcy/MDS Score

This section shows the bankruptcy prediction score for this individual, and up to four reason codes and descriptions explaining the score.

This score will be included only if your contract with the credit bureau includes bankruptcy prediction scoring services.

Buttons

Button

Description

Cancel (Up arrow/F7)

Use this to return to the initial screen and choose a different credit report to view.

Detail (F9)

Use this to view the Detail screen showing credit information using the credit bureau's standard report format.

Decision (F10)

Use this to view the Decision screen showing pre-screening results based on your credit union's contact with the credit bureau.

Print Report (F14)

Use this key to print a hard copy of credit report data.

Additional Video Resources

View more membership application-processing videos.

Visit the Show Me the Steps video library to view more videos!

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#ICRBGEN-01.htm