This is a step by step guide to evaluate your Report
If any negative information is contained in any of those reports, you will see a Red Stop Sign. This means that you should pay close attention to that particular section of the report.
In the Positive/Negative accounts section you will see how many positive or negative accounts this person had per month. Again, this is only a summary. To view the actual accounts you may click on the (jump to) link, this will take you directly to that given section of the report
SSN Validation Check
Prior Address Locator Service (PALS) Results
You may see different names on the PALS section–known as “variations” or AKA’s. These range from slight variations in spelling to different last names. This happens when the Person changes their legal name for a variety of reasons, an obvious reason being Marriage. You may also see a completely different name. These are usually due to typos during an inquiry. If a wrong social is typed in at some point with the wrong name, then that name will be linked to the social. This does not necessarily indicate identity theft—it could just be a simple mistake.
The addresses displayed in the PALS section of the report are obtained by third Party inquiries. Your prospective tenant did not necessarily physically live at all of these addresses. If they ever used the address as a mailing address, billing address, to apply for a credit card, loan, etc. then in the inquiry the address would be documented and provided to the bureaus.
Report is generated by the Bureaus. Any time any one inquires (pulls credit report) your applicant’s credit report, they have to provide a current address and date of birth (not all the time). The Bureau collects data from the inquiring party. The records might show a slightly different date of birth compared to the credit report or no date of birth at all.
Consumer Credit Report (Trans Union)
620 and below Not Good
No Score: usually means that this person does not have enough credit to generate a score. An individual has to have at least 6 accounts (credit card, store card, any loans etc.) in the past 6 months in order to generate a score. No credit is better than bad credit.
Employer’s Information: this information only shows up when it is reported to the bureaus, you will not always see employer’s information and it may not always be accurate/up to date.
Address Information: these will be the last three addresses reported to the bureaus and will not always be in the correct order.
Credit Agency Notice (Trans Union)
This will sometimes indicate any differences in information.
If your results state “ Unable to Locate Subject” that is an alert from the bureau that you may have been given a false name and/or social. Please request driver’s license and social security card to verify the information and you may purchase another report with the correct information.
If you receive a mismatch alert but credit report information is displayed, be advised that you were given the correct credit report in spite of the mismatch.