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%

Oliver Orlicki

Mortgage Loan Originator Founder  //  NMLS #205123

In the complex and fast paced world of mortgages my team and I provide our customers and realtors with an easy, enjoyable and affordable mortgage experience from their first phone call to the closing table.

Whether you’re looking to buy your first home, purchase a new vacation home, secure a property for investment, or restructure your mortgage, we have the experience, expertise, and personal touch to bring it all together.

With over 17 years experience in the mortgage and real estate market, I’ve developed an invaluable network of competitive lenders to help you find the best possible mortgage for your financial situation. My team and I serve the states of Florida and Pennsylvania. I always make sure my clients understand their full range of options before they buy or refi. My reviews speak for themselves!

(813) 302-1616info@orlickigroup.com
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