Understanding Results

There are many factors that affect your credit score. Your scores across all three credit bureaus are based on FICO® and VantageScore® algorithms, as well as data reported on any given day across multiple score models. Each credit bureau uses different score models, resulting in possible discrepancies between bureaus.

There Are 6 Primary Factors That Contribute to Your Credit Score:

    1. Credit History
    2. Mix of Credit Types
    3. Credit Card Balances (Revolving Debt)
    4. Length of Time Your Credit Is Reported to the Credit Bureaus
    5. Amount of New Loans and Applications
    6. Stale Credit Usage

With Agent Credit Blueprint’s proven system, we are able to generate positive results four our clients. It is extremely vital to follow our credit coaching to ensure maximum benefits during and after the credit repair process.


1. What items are included in my credit score?

Many items make up your credit score. There are 3 credit bureaus.

• Credit Usage
We recommend keeping your credit usage at a maximum of 30% of your available limit for better scores. However, maintaining your usage at well below 20% of the limit will produce significantly higher credit score results.

• Mix of Credit
Payment history and credit usage account for up to 65% of your total credit score. The mix of accounts you maintain are responsible for an estimated 10% of credit scores. A proper mix of different credit types will improve your credit scores. There are two main types of credit. They are installment loans (fixed payments) and revolving accounts (credit cards). Installment debt would be a home loan, auto loan, RV loan, motorcycle loan, and personal loan. Revolving debt would be credit cards that are accounts with varying balances and usage limits.

• Payment History
On time bill payment is essential for building and maintain higher credit scores. 35% of your score is based on your payment habits. Even one 30-day late payment can lower your scores.

• Age of Credit
The age of your credit history accounts for about 15% of the score. As your credit items age, your scores will then increase.

• New Credit and Inquiries
Applying for new credit will likely result in one or more hard inquiries. Hard inquiries typically lower your credit score by 0-10 points. Inquiries can have a negative effect on your credit scores but that negative impact will usually diminish as each month goes by. A soft inquiry is obtained by using a credit monitoring service like Smartcredit.com to check your credit. A soft inquiry means that no inquiry will show, nor will it impact your credit scores. New accounts and credit applications may affect your score as much as 10% whether or not the inquiry results in approval. Try to apply for credit only when necessary.

2. How many credit scores are there?

There are 10 Fico score versions for Experian, 9 for Equifax, and 9 for Transunion. A Fico score will differ for credit cards, mortgages, personal loans and automobiles. Each version takes into account all of the information contained on each of the 3 credit bureaus. However each version weighs the items differently depending on the purpose of the inquiry. Most credit monitoring companies do not provide actual Fico scores. They may use simulations that are often not accurate because of the many variables involved.

3. Why is my credit score different across the 3 credit bureaus?
Your scores are based on FICO® and VantageScore® using various algorithms. Your scores are also based on data reported on any given day by your creditors using multiple score models. Each credit bureau uses different scoring models and that is why you may have different scores on each bureau. The 3 credit bureaus may not supply you with the actual scores. Advertisements on television and online for free credit scores are never those which are used in making retail or mortgage credit decisions. They are usually not even actual credit scores used in lending decisions.
4. Why is my credit score low?
• Improper Mix of Credit Types

It is very important to have the proper mix of credit types for a high credit score. This mix should include the right number of revolving and installment accounts. Clients wonder why they cannot get their credit scores moving up faster. This is often due to an improper proper mix of credit types. Keeping low balances on your accounts, paying all of your accounts on time, and not allowing your credit to be run unless absolutely necessary is vital for good credit and higher scores.

• Poor Credit History

Poor credit history is a main factor for low credit scores. We recommend that you check your credit report on a monthly basis and before you enter into any credit application. You can check your credit by logging into Smartcredit.com. Bad credit can be the result of oversight. You don’t want to be surprised when applying for credit that a late payment, collection, or unknown account is showing on your credit report.

• Revolving Credit Card Balances Are Too High

Your credit utilization percentage is responsible for about 30% of your score. Many in the credit field recommend keeping your credit usage at 30% of your available limit for better scores. However maintaining your usage at well below 20% of the limit will produce significantly higher credit score results.

• Short History Reported on the Bureaus

Credit history makes up about 15% of your credit score. If you are rebuilding from a credit profile that has little or no credit items or are new to credit, then a credit history needs to be built. We can recommend a way to legally build credit history.

• Too Many New Loans or Applications

Applying for too much credit in a short period of time may likely result in a lower credit score for a longer period of time. If you apply for a car loan and three credit cards on the same day and are approved, it may have a negative result on your credit score. The scoring system may see this activity as a desperate act for cash access. This may make your new available credit limits a liability rather than an asset. The new credit also results in multiple inquiries, and can lower your score 0-10 points for each inquiry.

• Stale Credit Activity

A lower or missing credit score is the result of no activity on an account. Scores get lower with 3 to 6 months of no activity and after 6 months it is possible that no score will show. This is because the scoring system does not see what it considers "recent activity'' in which to base a person's current ability to repay. Clients with the correct mix of credit, excellent payment history and zero balances on all accounts will still see scores lower due to inactivity. We recommend that you use your revolving accounts (credit cards) each month but only a small amount. Pay these cards off over several months. To prevent the credit card issuer from lowering your available credit limit we suggest that you rotate the use of your revolving accounts every few months. It is important to not have too much credit-but keep in mind that closing a credit card will reduce the amount of available revolving credit, which in turn may lower your scores.

5. How long will negative information remain on my credit report?

The agency charged with overseeing the credit bureaus (the FCRA) requires that most negative items must be deleted from a credit report in no more than 7 years from the date of last activity. This specifically means your activity, not the creditors. Bankruptcies can remain on a report for up to 10 years. If you see an item on your credit report that is past the allowed reporting date, immediately dispute it, or have us dispute for you.

6. What will my credit score be after you fix my credit?

The credit bureaus control the various outcomes. It is impossible to predict what the scores may be when we have completed our disputes. We see an increase of 40 to 140 points on a regular basis. Scores quickly continue to jump when our clients follow our credit coaching and develop aging on their new credit profiles.

7. How long does credit repair take?

Our proven system for communicating with the 3 credit bureaus produces initial results in about 35 days. We see all or most of closed negative items removed. If there are any items remaining, we will begin a second round of disputes. During and after our efforts, it is important to follow our credit coaching. Aging of your credit reporting is an important component to continue to achieve results. Credit repair results vary for everyone. Even two people with identical files will likely have different results.

8. If I pay off all of my charge-offs and collections, will my credit improve?

Negative items do not come off your credit report if you pay them. Paying off collections or charge-off items may actually harm your credit scores. Please contact us to discuss your options, and we can discuss when it may be beneficial to pay off any of these items.

9. If I close my credit cards, will my credit score increase?

Generally speaking, no. Closed, revolving credit lines reduce the available credit percentage from your profile. Excessive credit can work against you as well. Contact us to discuss the proper balance and profile we recommend.

10. When a credit bureau deletes an item, will the other two also delete that item?

Not necessarily. Experian, Equifax, and TransUnion are privately owned and are not dependent on each other for the data which they delete or store. If one or two credit reporting agencies adds or deletes an item to your credit report, it does not mean that the third credit bureau is required to do so.
Fraud or identity theft are among the only items the credit bureaus are required to report to each other.

11. What steps do you take to ensure my information is safe with you?

We use encrypted methods to assure your information is private and cannot be accessed by anyone. We are regulated by The Department of Justice, Office of The Attorney General.

12. Should I settle an old collection for less than I owe?
Contact us regarding this issue. Things to consider are: How will it affect your credit report if you accept? Is the debt really yours? How will you know the collection agency will honor the agreement? Does the collection agency have the right to collect this money from you?
13. Does using my debit card for purchases build my credit?

No, it does not. These transactions do not get reported to the credit reporting agencies unless you somehow overdraft them, and then only negative credit is reported. Debit cards are similar to writing checks from your bank account.