Credit Rankings from Equifax Credit Reporting
Knowing the contents of your credit report is only part of understanding your overall creditworthiness (at least as viewed by creditors). That's why Equifax credit reporting offers as an optional add-on with your Equifax on line credit report or 3-in-1 credit report, a comparison between your credit and debt situation and that of consumers in any zip code you indicate. This comparison, Equifax Credit Rankings, is presented in an interactive, graphical format for your easy analysis.
Similar to how Equifax credit reporting company's Score Power compares your FICO score online with all other consumers' FICO scores, Equifax credit reporting agency's Credit Rankings helps you see exactly how you compare against those with whom you may be competing for credit.
Equifax credit reporting company's Credit Rankings is a web-based product you can input different variables into Equifax credit reporting company's Credit Rankings and a bar graph is immediately generated displaying the results for your Equifax on line credit report as compared with those in the areas you select.
Each graph is built of two sets of criteria:
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Statistic: Almost every piece of data in your on line credit report can be compared, including:
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Average Credit Card Debt - includes credit cards, retail cards, gas cards, and revolving cards; higher credit card debt is associated with high repayment risk
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Average Total Debt - generally used for important and expenses purchases (car/home); a lower the debt amount improves chances of getting a lower interest rate
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Average Credit Utilization - total remaining revolving credit debt divided by total credit debt expressed as a percentage (in other words your debt to credit limit ratio, expressed as a percent); the closer this number is to 100% the closer you are to "maxed out"
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Average Number of Credit Inquiries - too many credit inquiries makes you look like you are trying to live outside your means and are, therefore, too much of a credit risk
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Average Number of Open Credit Accounts - just like with too many new accounts, too many open accounts makes you look like too much of a risk, this time because you've already got so many creditors to pay back
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Average Number of Late Payments - indicates payments late by 30-120 days; the more you're late in paying bills, the more potential creditors expect you'll be late in the future
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Average Mortgage Balance
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Average Mortgage Payment
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Average Car Loan Balance
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Average Car Loan Payment
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Location: Select up to 3 states, 3 zip codes, or compare your results against a particular zip code and a particular state
The statistic being compared is explained in detail beneath each chart and a link is provided for you to look up the related section in your on line credit report. Each bar graph produced in Equifax credit reporting company's Credit Rankings can be formatted to fit your printer.
Equifax credit reporting includes Equifax Credit Rankings with their other credit information products, charging:
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$18.95 for Equifax Credit Reporting plus Equifax Credit Rankings
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$23.90 for Equifax Credit Reporting plus Equifax Credit Rankings and FICO score online
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$38.90 for 3-in-1 Credit Report with Equifax Credit Rankings
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$48.90 for 3-in-1 Credit Report with Score Power and Equifax Credit Rankings
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$71.70 for Score Power Pack with Equifax Credit Ranking
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