Regardless of your credit profile Tom Bannen can help. Use the following examples to determine your credit profile.

Good Credit

Consumers with good credit will have demonstrated a "paid as agreed" credit history for at least three years. "Unapplied for" derogatory items on the credit report such as medical bills, and civil judgments from non-creditors are often ignored.

Good Credit Consumers have had "paid as agreed" installment credit such as a mortgage or an auto loan within the last three years. Major derogatory items such as a repossession or bankruptcy should have happened over three years ago.

Fair Credit

Consumers with fair credit history will have demonstrated a "paid as agreed" credit history for at least two years. They may have an occasional late payment.

Consumers without a "paid as agreed" installment credit such as a mortgage or an auto loan within the last two years should have substantial good revolving credit. Major derogatory items such as repossession and bankruptcy happened over eighteen months ago.

Situational Bad Credit or Slow Pay.

Consumers with a situational credit problem. You can usually identify a significant economic disaster or event that caused the credit situation. For example:

• A Divorce.
• Illness or injury.
• Loss of employment.
• Bankruptcy due to medical problems, credit card debt, or loss of income.

Bad Credit or No Credit

Consumers with little or no applied for credit. May have numerous unapplied for charge-off accounts such as bad checks, unpaid medical bills and utility bills, small unpaid charge accounts, and unresolved repossessions over two years old.

Really Bad Credit

Consumers with credit problems that cannot be isolated to a single event. A long term history of bad credit. For example:

• Multiple bankruptcies.
• Multiple repossessions outside of bankruptcy at different times.
• Significant bad credit after a bankruptcy.
• Currently delinquent on all existing obligations.
• Repossessions less than one year old.
• History of writing bad checks over a long period of time.