We understand that credit reports can be overwhelming to look at, and we are happy to outline how to read these!
The following three sections will be included at the top of your screen: A Full Credit Report, Criminal Report, and any Eviction-Related Proceedings.
At the top of the credit report, the applicant’s name will appear, along with any addresses associated with that individual. Also, there will be a brief note regarding SSN verification.
Below the personal information, there will be a brief summary section regarding any tradelines the applicant has had. Tradelines are defined as the accounts the applicant has, or previously had, in their name. Along with the tradeline summary, you will be provided with a Resident Score, which is similar to a FICO score, but is specific to how an applicant would be as a renter! You can find out more about the Resident Score here: https://rentprep.com/blog/resident-score-credit-score/
Following the Resident Score, you will be provided with detailed information regarding the tradelines in the Tradeline summary. Here, you will see the name of the individual creditor, the type of account (e.g. student loan, credit card, utility account, etc.), payment history, and the opened or closed dates. Regarding the payment history for each tradeline, you may see one or all of the following: A green checkmark, the number 30, the number 60, the number 90, the number 120, or N/A. A green checkmark would indicate a payment was made on time, whereas a number would indicate how late a payment was made for an individual month.
***Please note - Within each tradeline, if there is N/A in any field, this is because the individual creditor will not release this information, or the information does not apply (e.g. N/A listed in a payment field may indicate there was not a payment to be made within that particular month)***
The second section, the Criminal Report, will display any criminal records TransUnion was able to pull on the applicant. At the top of the report, you will see a summary of the number of records pulled. If no records were found, you will see zeroes.
The last section, Eviction-Related Proceedings, is similar to the criminal section, in that it shows a summary at the top outlining how many of these records were pulled. If none exist, you will see a zero.