Christine
This is what I got:
"About your Credit Score:
Your credit scores are based on the information in your credit bureau reports. The majority of CreditXpert Credit Scores(tm) are between 350 and 850. Higher scores are better, because they increase your chances of getting the loans you want. Keep in mind that when lenders evaluate a credit application, credit scores are not the only factor they use in making their decision. They usually ask for additional information (such as income and monthly payments) to determine your ability to repay the loan.
What your Credit Score means:
Thanks to your high CreditXpert Credit Score(tm), you are likely to get the better offers from lenders, whether for an auto loan, mortgage, or personal loan. However, this may not be true for credit card offers, because you may receive better interest rates and higher credit limits if you had a higher score. You can improve your credit score by making sure you always pay your bills on time. Also, the additional information you provide as part of your credit application, such as income and monthly payments, will be important in determining whether you get the best offer, or just a good one.
What this Means to You:
Both negative and positive factors influence your credit score. The most important factors of each are listed below, in their order of importance. Remember, these factors vary in how strongly they impact your credit score. For example, if you have a very high credit score, the negative factors in your analysis are likely to have a small impact. The same is true for positive factors if you have a very low credit score.
What factors lower your credit score:
Payment history : In the past, you have missed payments or were derogatory on an account, or you have had a negative public record.
This is making your score lower. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.
Bankruptcies : You have one or more bankruptcies listed in your credit report.
This is making your score lower. Any bankruptcy record in your credit report is a seriously negative factor. However, a bankruptcy is less harmful to your credit score if it occurred many years ago because lenders may consider that you have regained control over your financial responsibilities. In any case, bankruptcies will very significantly affect your ability to get new credit accounts, and if you do get them they will likely involve a deposit and/or high fees and interest rates. Note that bankruptcy records on credit reports are usually removed 7 to 10 years after the filing date of the bankruptcy. This will likely have a positive effect on your credit score.
Credit usage : On average, you currently owe $1,872 on each of your credit cards.
This only includes open accounts.
This is making your score lower. High balances are a negative factor because lenders worry that you are living beyond your means and may not be able to repay them. This is particularly true with credit card balances, but less a concern with installment loans such as mortgages and auto loans. Lenders evaluate how much you owe (your debt) in relation to how much you earn (your income), however they know that changes in your employment and certain life events (such as divorce or illness) may make it hard to pay your bills. Low balances, on the other hand, are a positive factor because lenders do not stand to lose as much if you become unable to repay them. However, never using your credit accounts may be considered a negative factor. This is because it does not provide lenders with information about how you typically use credit and repay your debts.
What factors raise your credit score:
Credit accounts : On average, the credit limit or loan amount of your credit accounts is $52,778.
This only includes accounts for which the credit limit or loan amount is reported. Lost or stolen, transferred, or sold accounts may be excluded from this factor.
This is making your score higher. Having accounts with a high credit limit or loan amount is a positive factor, because it indicates to a lender that other lenders have trusted you with a lot of credit in the past. On the other hand, having accounts with a low credit limit or loan amount is a negative factor. It suggests that you are just starting to use credit or that you have missed payments in the past. If you are just starting to use credit, lenders have little information to help them evaluate how you typically use credit and repay your debts. If you have missed payments in the past, you have demonstrated that you do not always pay on time, and lenders may worry that you will not repay them.
Credit applications : You did not apply for credit in the past 6 months, as recorded in this credit report.
This is making your score higher. Applying for credit many times within a short period can hurt your credit score. When you apply for any type of credit (such as an auto loan, credit card, department store card, or mortgage), the lender considering your credit application checks your credit history. This is recorded in your credit report as a "hard inquiry." Although inquiries are an unavoidable result of applying for credit, lenders dislike seeing many within a short period (such as 6 months). This is because they do not know whether you are "shopping" for the best offer, or if you are desperately trying to get credit because of financial trouble. Therefore, try to limit your comparison to a small number of lenders when "shopping" for the best offer.
Payment history : Last reported month, you paid 100% of your accounts on time.
Lost or stolen, transferred, or sold accounts may be excluded from this factor.
This is making your score higher. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid."
The most useless, worthless and huge waste of time to even look at crap. Whoever wrote this didn't quite finish highschool or just got here from another country, and knows absolutely NOTHING about creditscores.
Wasting your time on these scores will "make your score lower"
"About your Credit Score:
Your credit scores are based on the information in your credit bureau reports. The majority of CreditXpert Credit Scores(tm) are between 350 and 850. Higher scores are better, because they increase your chances of getting the loans you want. Keep in mind that when lenders evaluate a credit application, credit scores are not the only factor they use in making their decision. They usually ask for additional information (such as income and monthly payments) to determine your ability to repay the loan.
What your Credit Score means:
Thanks to your high CreditXpert Credit Score(tm), you are likely to get the better offers from lenders, whether for an auto loan, mortgage, or personal loan. However, this may not be true for credit card offers, because you may receive better interest rates and higher credit limits if you had a higher score. You can improve your credit score by making sure you always pay your bills on time. Also, the additional information you provide as part of your credit application, such as income and monthly payments, will be important in determining whether you get the best offer, or just a good one.
What this Means to You:
Both negative and positive factors influence your credit score. The most important factors of each are listed below, in their order of importance. Remember, these factors vary in how strongly they impact your credit score. For example, if you have a very high credit score, the negative factors in your analysis are likely to have a small impact. The same is true for positive factors if you have a very low credit score.
What factors lower your credit score:
Payment history : In the past, you have missed payments or were derogatory on an account, or you have had a negative public record.
This is making your score lower. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid.
Bankruptcies : You have one or more bankruptcies listed in your credit report.
This is making your score lower. Any bankruptcy record in your credit report is a seriously negative factor. However, a bankruptcy is less harmful to your credit score if it occurred many years ago because lenders may consider that you have regained control over your financial responsibilities. In any case, bankruptcies will very significantly affect your ability to get new credit accounts, and if you do get them they will likely involve a deposit and/or high fees and interest rates. Note that bankruptcy records on credit reports are usually removed 7 to 10 years after the filing date of the bankruptcy. This will likely have a positive effect on your credit score.
Credit usage : On average, you currently owe $1,872 on each of your credit cards.
This only includes open accounts.
This is making your score lower. High balances are a negative factor because lenders worry that you are living beyond your means and may not be able to repay them. This is particularly true with credit card balances, but less a concern with installment loans such as mortgages and auto loans. Lenders evaluate how much you owe (your debt) in relation to how much you earn (your income), however they know that changes in your employment and certain life events (such as divorce or illness) may make it hard to pay your bills. Low balances, on the other hand, are a positive factor because lenders do not stand to lose as much if you become unable to repay them. However, never using your credit accounts may be considered a negative factor. This is because it does not provide lenders with information about how you typically use credit and repay your debts.
What factors raise your credit score:
Credit accounts : On average, the credit limit or loan amount of your credit accounts is $52,778.
This only includes accounts for which the credit limit or loan amount is reported. Lost or stolen, transferred, or sold accounts may be excluded from this factor.
This is making your score higher. Having accounts with a high credit limit or loan amount is a positive factor, because it indicates to a lender that other lenders have trusted you with a lot of credit in the past. On the other hand, having accounts with a low credit limit or loan amount is a negative factor. It suggests that you are just starting to use credit or that you have missed payments in the past. If you are just starting to use credit, lenders have little information to help them evaluate how you typically use credit and repay your debts. If you have missed payments in the past, you have demonstrated that you do not always pay on time, and lenders may worry that you will not repay them.
Credit applications : You did not apply for credit in the past 6 months, as recorded in this credit report.
This is making your score higher. Applying for credit many times within a short period can hurt your credit score. When you apply for any type of credit (such as an auto loan, credit card, department store card, or mortgage), the lender considering your credit application checks your credit history. This is recorded in your credit report as a "hard inquiry." Although inquiries are an unavoidable result of applying for credit, lenders dislike seeing many within a short period (such as 6 months). This is because they do not know whether you are "shopping" for the best offer, or if you are desperately trying to get credit because of financial trouble. Therefore, try to limit your comparison to a small number of lenders when "shopping" for the best offer.
Payment history : Last reported month, you paid 100% of your accounts on time.
Lost or stolen, transferred, or sold accounts may be excluded from this factor.
This is making your score higher. Missing payments is a negative factor. Some cases are worse than others. If you have not missed any payment recently, lenders may think you are, or have become, responsible and do not, or will no longer, miss payments. Lenders realize that many people occasionally miss a payment or pay late. Therefore, missing payments on one account may not be as harmful as missing payments on many. Similarly, missing a single payment may not be as harmful as missing several consecutive payments. Note that many lenders consider missing 3 or more consecutive payments to be an indication that you may never repay them. Finally, it may not be as harmful to miss payments on accounts with low balances as it is on accounts with high balances, because lenders stand to lose less money if they remain unpaid."
The most useless, worthless and huge waste of time to even look at crap. Whoever wrote this didn't quite finish highschool or just got here from another country, and knows absolutely NOTHING about creditscores.
Wasting your time on these scores will "make your score lower"