Credit Ratings

You have EXCELLENT credit if you...

• Pay all of your bills on time, all of the time
• Have not made a late payment on your mortgage in the past two years (if applicable)
• Have had no late payments on your credit cards, auto or consumer loans in the past year
• Have had one or no late payments reported to a credit bureau in the past seven years
• Do not have a large dollar amount of unsecured credit lines open
• Have not been reported to a collection agency in the past ten years
• Have had no bankruptcies, liens or judgments within the past seven years

You have GOOD credit if you...

• Usually pay all of your bills on time
• Have had no late payments on your mortgage in the past year (if applicable)
• Have had fewer than three late payments reported to a credit bureau in the past seven years
• Have not been reported to a collection agency in the past ten years
• Have had no bankruptcies, liens or judgments within the past seven years

You have FAIR credit if you...

• Have had one or two credit problems
• Have had no more than one late payment on your mortgage in the past year (if applicable)
• Have had less than three late payments on credit cards, auto or personal loans in the past year
• Have a history of late payments that are consistently sixty days or more over due
• Have had no bankruptcies, liens or judgments within the past three years

You have POOR credit if you...

• Are over 18 years of age with no credit history OR you have a history of late payments
• Have had a few late payments on your mortgage in the past year (if applicable)
• Have had more than three late payments on credit cards, auto or personal loans in the past year
• You have had a bankruptcy, foreclosure or lien within past three years