Understanding

your credit

What does your credit report say about you?

What does your credit say about you?

Not knowing what your credit report says about your finances may cost you more when trying to obtain a mortgage. Even those who pay everything on time might have an unaddressed credit issue that is hurting their credit! It is possible for incorrect information to be reported on your credit report, and it is important to identify any issues and correct them before you apply for a mortgage.

Mortgage Home Loans

What makes up your credit report?

Your credit score is a numerical representation of your trustworthiness in paying back debt. Each bureau will present you with a credit score based on the data they have.

What is reported?

A few of the items reported on your credit may include:

  • Credit Cards
  • Department store cards
  • Gas cards
  • Bank cards
  • Airline cards
  • Installment Loans
  • Mortgage loans
  • Auto loans
  • Student loans
  •  Utilities
  • Rent (sometimes)
  • Collections or judgements
  • Bankruptcies

What does your credit history look like?

Credit history is a record of the health of each reporting credit line. Your credit score is created from the list below.

Payment History

35%

Time Existing

15%

Debt

30%

Account Variety

10%

New Credit

10%

Reid Clark

Sr. Branch Manager  //  NMLS #220536

YOU are the most important part of our business, and we have the experience to take care of YOU! I took my first mortgage loan application in 1987 when I worked for a savings and loan association. After years of working for banks, I entered the Atlanta market as a Mortgage Loan Originator in 2005.

My wife, Marjorie, and I have been married since 1991 and we have four children and live in Canton. It is my privilege to help you get to the closing table with a smile on your face! I have a GREAT team and you will love the way we take care of you.

reidclark@silvertonmortgage.com(678) 578-4848
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Reid Clark Team