Skip to main content

Understanding your credit

What does your credit report say about you?

Learn More

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.

Schedule a Call

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%

Get started by using one of our FREE tools!

CJ Simpson

Broker/Owner // NMLS #33673

CJ Simpson is an award-winning mortgage broker and the driving force behind Transformation Home Loans. With a career in the mortgage industry dating back to 2007, CJ has built a reputation for exceptional service, deep market expertise, and record-setting speed. As the #1 top-producing broker in Portage County and a recognized leader for having some of the fastest closing times in Ohio, CJ combines competitive wholesale lending options with a personal, hands-on approach that puts clients first. Whether guiding first-time buyers or seasoned homeowners, CJ is known for making the mortgage process clear, strategic, and stress-free — always focused on helping clients achieve their homeownership goals with confidence.

(330) 285-5043
FacebookZillowLinkedIn

CJ Simpson

CJ Simpson is an award-winning mortgage broker and the driving force behind Transformation Home Loans.

Apply Now