Your Credit Score: What it means : Your Santa Barbara Mortgage Loan Professional

Credit Scoring

Looking for a loan? We can assist you! Give us a call at (805) 886-0581. Ready to begin? Apply Here.

Before lenders make the decision to lend you money, they want to know if you're willing and able to pay back that mortgage loan. To understand whether you can pay back the loan, they look at your income and debt ratio. In order to calculate your willingness to pay back the mortgage loan, they look at your credit score.

The most widely used credit scores are called FICO scores, which were developed by Fair Isaac & Company, Inc. The FICO score ranges from 350 (high risk) to 850 (low risk). You can learn more about FICO here.

Your credit score is a direct result of your history of repayment. They don't consider income or personal characteristics. Fair Isaac invented FICO specifically to exclude demographic factors. "Profiling" was as dirty a word when these scores were first invented as it is now. Credit scoring was envisioned as a way to consider solely what was relevant to a borrower's likelihood to pay back a loan.

Your current debt level, past late payments, length of your credit history, and other factors are considered. Your score considers both positive and negative items in your credit report. Late payments lower your score, but consistently making future payments on time will raise your score.

For the agencies to calculate a credit score, you must have an active credit account with a payment history of at least six months. This history ensures that there is enough information in your report to generate an accurate score. If you don't meet the criteria for getting a score, you might need to work on a credit history before you apply for a mortgage.

YourBestInterest.net can answer your questions about credit reporting. Give us a call at (805) 886-0581.

Refer to the following chart to help decipher all the credit report abbreviations in your report. Email me if you have any additions or corrections.

Credit Report Acronyms

Acronym

Description

Issues Cards for…

Useful Websites, Addresses, Phone Numbers

ADDM/CBUSA

Citibank issued card for Charming Shoppes, Inc.’s Added Dimensions

/Answers chain stores

Added Dimensions,

plus-size womens stores,

believed to be out of business

2002

http://www.charmingshoppes.com/

aboutus/history/our_history.asp

Am-Eagle

American Eagle Outfitters (clothing)

AMEX

American Express Card

Assoc/Citi

ASSB/CBUSA

Associates First Capital Corp.

aka “The Associates,”

owner of Associates National Bank (Delaware)

was purchased by Citi in 2000.

Unocal,

BP,

Amoco Oil,

Fleetwood Credit Corp

financing for RVs,

U.S. Fleet Leasing,

The Bank of New York,

JCPenney,

Texaco

Avco Financial Services,

KeyCorp,

Shell,

Citgo,

Arcadia Financial,

Kelley Tire Stores?

B Borrower

BAC/FLEET

Bank of America/Fleet Bank, later FleetBoston Financial

Bank of America

acquired Fleet in 2004

Bank One Aff

Delaware

Bk of Amer

Bank of America

BRCLYSBANKDE

Barclays Bank Delaware

Aer Lingus (airline)

Air Jamaica,

Air Tran,

Barnes & Noble,

Best Western,

BJ’s

(bigbox membership stores),

Buckmaster,

Carnival SeaMiles,

Carter’s,

Casey’s (General Store),

Century 21,

China Air,

Clark (gas),

Coast to Coast (RV resorts),

DirecTV,

Emigrant Direct (bank),

Frontier (Airlines),

FutureTrust

(college saving reward),

Good Sam Club (RV),

Gulf (Oil),

Harvard Alumni Association,

Icelandair,

I Fly America,

Jo-Ann (fabric craft stores),

Juniper Platinum Mastercard,

L.L. Bean,

Lukoil,

Lufthansa (Air),

Mailbox Teacher,

Market America

(internet shopping),

Maverick (Oil),

Midwest Airlines,

Oregon Community Credit Union,

OshKosh,

Performance Bicycle,

Princess Cruises,

Racetrac (gas),

Raceway (gas),

Rec Rewards,

Shopko stores,

Sinclair (gas),

Southern Living at Home,

Spirit Airlines,

Travelocity,

USAirways,

Vegas.com,

Virgin America Airlines

www.barclaycardus.com

http://www.aboutbarclaycardus.com/cards.php

Customer Service Team at 302-622-8990

*General Correspondence
Card Services
PO Box 8801
Wilmington, DE 19899-8801

*Credit Card Billing Disputes
Card Services
PO Box 8802
Wilmington, DE 19899-8802

*Credit Card Payment Disputes
Card Services
PO Box 8802
Wilmington, DE 19899-8802

*Physical Address
Barclays Bank Delaware
125 South West Street
Wilmington, DE 19801

C Co-borrower or or Co-applicant

Cap 1 Bk

CAP ONE

Capital One Bank

A major credit card issuer

self

CBSD NA

CitiBank South Dakota,

Sears, Shell Oil,

800-843-0777

CCB NA

Chevron Credit Bank NA

was merged with

G.E. Money Bank in 2008

Chevron, Texaco

Chevron Credit Bank, N.A.

2001 Diamond Boulevard

Concord, California 94520-5737

800-243-8766

CHASE CC

Chase Manhattan Bank-Circuit City

Circuit City

CHASE PIER1

Chase Manhattan Bank-Pier1 Imports

Pier1 Imports store,

CIT Bank / DFS

CIT Bank

aka Commercial Investment Trust Bank and Dell Financial Services

CIT Bank issued credit for

Dell Financial Services

(computer co.)

www.cit.com

http://dfs.us.dell.com/Pages/DFSHomePage.aspx

800-283-2210

CITI

Citibank

Visa,

Mastercard,

American Express,

AAdvantage-American Airlines,

Bloomingdale,

Citgo,

ExxonMobil,

Hilton Honors,

Macy’s,

Phillips 66^®-Conoco^®-76^TM

Sears,

Shell Oil,

Sunoco (gas),

The Home Depot

www.citicards.com

CPU/Citi

Citibank issued gas cards for

ConocoPhillips Co.

aka Conoco, Phillip 66, Union 76

Conoco, Phillip 66, Union 76. Also perhaps Citgo, Circle K,

DLA Date Last Active the date the account was last active with the creditor

DOB Date of Birth or birth date

DSNB

Department Stores National Bank

Previously Federated Dept. Stores,

now Macys (Inc.)

Issues Bloomingdales,

Macy’s,

DSNB VISA cards

www.macysinc.com

800-458-6229

ECOA
and/or
WHOSE codes Equal Credit Opportunity Act

Key:
B=Borrower account
C=Co-Borrower account
S=Shared account with another
I= Individual account
J=Joint account belonging to B and C
U=Undesignated or unknown which belongs to
A=Authorized user on account that belongs to someone else

EF or EFX
or ECIS Equifax, one of the big 3 credit repositories or credit infomation aggregators

FCNB

First Consumers National Bank

Eddie Bauer,

Spiegel,

Newport News,

NWP

Spiegel is BK. Now called

Eddie Bauer Holdings

FCRA

Fair Credit Reporting Act

FCU

Federal Credit Union

FIA CS NA

FIA Card Services National Association (name MBNA took when it became a subsidiary of B of A)

B of A,

Merrill Lynch,

Virgin Atlantic,

Fidelity Investments,

Brighter Planet

800-655-1491

FLEET CC

Fleet Bank, FleetBoston Financial

Bank of America purchased

in 2004

FNB Omaha

First National Bank Omaha

Issues cards in own name

for Visa and Mastercard,

Platinum, Rewards,

and College cards

www.firstnational.com

First National Bank Omaha

P.O. BOX 2490

Omaha, Nebraska 68172

888-530-3626

FRD MOTOR CR

Ford Motor Credit

Ford auto financing

FRDMYR/GEMB

Fred Meyer department and grocery

stores (owned by Kroger)

issued by G.E. Money Bank (GEMB)

Fred Meyer

department and grocery stores

(owned by Kroger)

GECCCC

G.E. Capital Corp. Care Credit

Macys West,

www.gemoney.com

GEMB

G.E. Money Bank is a card issuer for many retailers >>

Amazon,

American Eagle,

Banana Republic,

Belk,

Brooks Bros,

Chevron,

CostPlus,

Dillards,

ExxonMobil,

GAP,

Home Shopping Network,

IKEA,

JCPenney,

Kirklands,

Linens n Things,

Lowes,

Meijers,

Mervyns,

Old Navy,

PayPal,

QVC,

Sam’s Club,

ShopNBC,

Stein Mart,

Mens Wearhouse,

Walmart,

www.gemoney.com

/contact_us/retail_partners/index.html

866-239-4362

GMAC

General Motors Acceptance Corp.

HD/CBUSA

Home Depot card issued by Citibank

Home Depot

HHLD Bank

Household Bank

JCP

JC Penneys department stores charge

HSBC

HSBC/RS

Hong Kong and Shanghai Banking Corporation (HUGE UK bank orig hdqtr in Hong Kong, now London)

HSBC Retail Services (division)

Best Buy,

CompUSA,

SAKS Fifth Ave,

S&H Greenpoints,

VISA, Mastercard, AMEX,

Household Bank,

Orchard Bank,

Yamaha Motor Corp.

POB 5253 Carol Stream IL 60197

800-477-6000

See also:

http://householdwatch.com/logic/abouthsbcrs.php

LNT

Linens n Things

Cards issued by G.E. Money Bank

MBGA

Monogram Bank of Georgia

Montgomery Wards,

Casual Corner,

JCPenney,

Sam’s Club

MCCBG

Monogram Credit Card Bank of Georgia

Mervyns

MCYDSNB

Macys Department Store National Bank

MOS REV
MR Months Revolving The number of months the credit card account has been active

NBGL

National Bank of the Great Lakes

SAKS Fifth Ave.

Saks accounts now with HSBC

NCO

FINANCIAL

SRVS INC

NCO Financial Systems Inc

NCO Group Inc.

Huge huge collection agency. According to First Am. CREDCO

they have been buying up all the small companies.

** CONSUMER HOTLINE PHONE: (800) 550-9619 **

Other lines: (800) 709-8613 or (888) 207-3081

Consumer Hotline Fax: (866) 269-8669

Business Calls: (800) 220-2274

Local phone: (215) 441-3000

507 Prudential Rd. Horsham PA 19044

http://www.ncogroup.com/Contact/Feedback_-_Info.html

* OSI branch 2920 Prospect Park Dr.

* Rancho Cordova CA 95670 * 888-289-0907

http://www.stop-nco-financial-collection.com/

PRVDN BNP

Providian Bancorp

Purchased by WAMU

800-356-0011

RNB-Fields3

Retailers National Bank, now Target National Bank

Previous bank issuer for Target, Dayton’s, Hudson’s,

and Marshall Fields stores

SSN Social Security Number

Target N.B.

Target National Bank and TFS Target Financial Services

Aka “REDcards”

Target (Stores) VISA card

Target Credit Card

Target Check (debit) Card

https://redcard.target.com/redcard/content/rcw_compare

Target Financial Services

Mail Stop 5C-F

PO Box 673

Minneapolis, MN 55440

888-755-5856

THD/CBSD

The Home Depot / CitiBank South Dakota

The Home Depot

www.homedepot.com; click on “Credit” tab

866-875-5488

TMCC

Toyota Motor Credit Co.

Toyota, Lexus car loans

TU TransUnion, one of the big 3 credit repositories or credit information aggregators

VISDSNB

Department Store National Bank VISA

VISA cards

WFB CD SVC

Wells Fargo Bank card services

877-778-5697

WFNNB

World Financial Network National Bank

“Express”,

Structure,

Victoria’s Secret,

La Redoute,

Lerner,

The Spiegel Group,

Lane Bryant,

Brylane Home

UCS/Citi

Universal Card Services Corp. (UCS), formerly AT&T, now a unit of CITIBANK

Now issued by Citi.

Issues AT&T Universal Savings Platinum

& AT&T Universal Savings and Rewards cards.

AT&T Universal Card Services,

sold in 1998 to Citigroup

AT&T Universal Card

Attn: Payment Department

1500 Boltonfield Street

Columbus, OH 43228

800-423-4343

US DEP ED

United States Department of Education

For student loans

800-848-0979

Ymaha

Yamaha Music issued by GE Money Bank and Yamaha Motor issued by HSBC

Yamaha Music & Sound Card

Yamaha Motor Corp. factory financing

YOB Year of Birth

XP or XPN Experian, one of the big 3 credit repositories or credit infomation aggregators

Questions about credit reports?

If your questions about credit reports were not answered on this page, please feel free to contact me with your personal questions. Your privacy is important and your information will not be shared with others.

Acronym	Description	Issues Cards for…	Useful Websites, Addresses, Phone Numbers
ADDM/CBUSA	Citibank issued card for Charming Shoppes, Inc.’s Added Dimensions /Answers chain stores	Added Dimensions, plus-size womens stores, believed to be out of business 2002	http://www.charmingshoppes.com/ aboutus/history/our_history.asp
Am-Eagle	American Eagle Outfitters (clothing)
AMEX	American Express Card
Assoc/Citi ASSB/CBUSA	Associates First Capital Corp. aka “The Associates,” owner of Associates National Bank (Delaware) was purchased by Citi in 2000.	Unocal, BP, Amoco Oil, Fleetwood Credit Corp financing for RVs, U.S. Fleet Leasing, The Bank of New York, JCPenney, Texaco Avco Financial Services, KeyCorp, Shell, Citgo, Arcadia Financial, Kelley Tire Stores?
B	Borrower
BAC/FLEET	Bank of America/Fleet Bank, later FleetBoston Financial	Bank of America acquired Fleet in 2004
Bank One Aff			Delaware
Bk of Amer	Bank of America
BRCLYSBANKDE	Barclays Bank Delaware	Aer Lingus (airline) Air Jamaica, Air Tran, Barnes & Noble, Best Western, BJ’s (bigbox membership stores), Buckmaster, Carnival SeaMiles, Carter’s, Casey’s (General Store), Century 21, China Air, Clark (gas), Coast to Coast (RV resorts), DirecTV, Emigrant Direct (bank), Frontier (Airlines), FutureTrust (college saving reward), Good Sam Club (RV), Gulf (Oil), Harvard Alumni Association, Icelandair, I Fly America, Jo-Ann (fabric craft stores), Juniper Platinum Mastercard, L.L. Bean, Lukoil, Lufthansa (Air), Mailbox Teacher, Market America (internet shopping), Maverick (Oil), Midwest Airlines, Oregon Community Credit Union, OshKosh, Performance Bicycle, Princess Cruises, Racetrac (gas), Raceway (gas), Rec Rewards, Shopko stores, Sinclair (gas), Southern Living at Home, Spirit Airlines, Travelocity, USAirways, Vegas.com, Virgin America Airlines	www.barclaycardus.com http://www.aboutbarclaycardus.com/cards.php Customer Service Team at 302-622-8990 General Correspondence Card Services PO Box 8801 Wilmington, DE 19899-8801 Credit Card Billing Disputes Card Services PO Box 8802 Wilmington, DE 19899-8802 Credit Card Payment Disputes Card Services PO Box 8802 Wilmington, DE 19899-8802 Physical Address Barclays Bank Delaware 125 South West Street Wilmington, DE 19801
C	Co-borrower or or Co-applicant
Cap 1 Bk CAP ONE	Capital One Bank A major credit card issuer	self
CBSD NA	CitiBank South Dakota,	Sears, Shell Oil,	800-843-0777
CCB NA	Chevron Credit Bank NA was merged with G.E. Money Bank in 2008	Chevron, Texaco	Chevron Credit Bank, N.A. 2001 Diamond Boulevard Concord, California 94520-5737 800-243-8766
CHASE CC	Chase Manhattan Bank-Circuit City	Circuit City
CHASE PIER1	Chase Manhattan Bank-Pier1 Imports	Pier1 Imports store,
CIT Bank / DFS	CIT Bank aka Commercial Investment Trust Bank and Dell Financial Services	CIT Bank issued credit for Dell Financial Services (computer co.)	www.cit.com http://dfs.us.dell.com/Pages/DFSHomePage.aspx 800-283-2210
CITI	Citibank	Visa, Mastercard, American Express, AAdvantage-American Airlines, Bloomingdale, Citgo, ExxonMobil, Hilton Honors, Macy’s, Phillips 66^®-Conoco^®-76^TM Sears, Shell Oil, Sunoco (gas), The Home Depot	www.citicards.com
CPU/Citi	Citibank issued gas cards for ConocoPhillips Co. aka Conoco, Phillip 66, Union 76	Conoco, Phillip 66, Union 76. Also perhaps Citgo, Circle K,
DLA	Date Last Active	the date the account was	last active with the creditor
DOB	Date of Birth	or birth date
DSNB	Department Stores National Bank	Previously Federated Dept. Stores, now Macys (Inc.) Issues Bloomingdales, Macy’s, DSNB VISA cards	www.macysinc.com 800-458-6229
ECOA and/or WHOSE codes	Equal Credit Opportunity Act		Key: B=Borrower account C=Co-Borrower account S=Shared account with another I= Individual account J=Joint account belonging to B and C U=Undesignated or unknown which belongs to A=Authorized user on account that belongs to someone else
EF or EFX or ECIS	Equifax, one of the	big 3 credit	repositories or credit infomation aggregators
FCNB	First Consumers National Bank	Eddie Bauer, Spiegel, Newport News, NWP Spiegel is BK. Now called Eddie Bauer Holdings
FCRA	Fair Credit Reporting Act
FCU	Federal Credit Union
FIA CS NA	FIA Card Services National Association (name MBNA took when it became a subsidiary of B of A)	B of A, Merrill Lynch, Virgin Atlantic, Fidelity Investments, Brighter Planet	800-655-1491
FLEET CC	Fleet Bank, FleetBoston Financial	Bank of America purchased in 2004
FNB Omaha	First National Bank Omaha	Issues cards in own name for Visa and Mastercard, Platinum, Rewards, and College cards	www.firstnational.com First National Bank Omaha P.O. BOX 2490 Omaha, Nebraska 68172 888-530-3626
FRD MOTOR CR	Ford Motor Credit	Ford auto financing
FRDMYR/GEMB	Fred Meyer department and grocery stores (owned by Kroger) issued by G.E. Money Bank (GEMB)	Fred Meyer department and grocery stores (owned by Kroger)
GECCCC	G.E. Capital Corp. Care Credit	Macys West,	www.gemoney.com
GEMB	G.E. Money Bank is a card issuer for many retailers >>	Amazon, American Eagle, Banana Republic, Belk, Brooks Bros, Chevron, CostPlus, Dillards, ExxonMobil, GAP, Home Shopping Network, IKEA, JCPenney, Kirklands, Linens n Things, Lowes, Meijers, Mervyns, Old Navy, PayPal, QVC, Sam’s Club, ShopNBC, Stein Mart, Mens Wearhouse, Walmart,	www.gemoney.com /contact_us/retail_partners/index.html 866-239-4362
GMAC	General Motors Acceptance Corp.
HD/CBUSA	Home Depot card issued by Citibank	Home Depot
HHLD Bank	Household Bank
JCP	JC Penneys department stores charge

HSBC HSBC/RS	Hong Kong and Shanghai Banking Corporation (HUGE UK bank orig hdqtr in Hong Kong, now London) HSBC Retail Services (division)	Best Buy, CompUSA, SAKS Fifth Ave, S&H Greenpoints, VISA, Mastercard, AMEX, Household Bank, Orchard Bank, Yamaha Motor Corp.	POB 5253 Carol Stream IL 60197 800-477-6000 See also: http://householdwatch.com/logic/abouthsbcrs.php
LNT	Linens n Things	Cards issued by G.E. Money Bank
MBGA	Monogram Bank of Georgia	Montgomery Wards, Casual Corner, JCPenney, Sam’s Club
MCCBG	Monogram Credit Card Bank of Georgia	Mervyns
MCYDSNB	Macys Department Store National Bank
MOS REV MR	Months Revolving	The number of	months the credit card account has been active
NBGL	National Bank of the Great Lakes	SAKS Fifth Ave.	Saks accounts now with HSBC
NCO FINANCIAL SRVS INC	NCO Financial Systems Inc NCO Group Inc.	Huge huge collection agency. According to First Am. CREDCO they have been buying up all the small companies.	CONSUMER HOTLINE PHONE: (800) 550-9619 Other lines: (800) 709-8613 or (888) 207-3081 Consumer Hotline Fax: (866) 269-8669 Business Calls: (800) 220-2274 Local phone: (215) 441-3000 507 Prudential Rd. Horsham PA 19044 http://www.ncogroup.com/Contact/Feedback_-_Info.html * OSI branch 2920 Prospect Park Dr. * Rancho Cordova CA 95670 * 888-289-0907 http://www.stop-nco-financial-collection.com/
PRVDN BNP	Providian Bancorp		Purchased by WAMU 800-356-0011
RNB-Fields3	Retailers National Bank, now Target National Bank	Previous bank issuer for Target, Dayton’s, Hudson’s, and Marshall Fields stores
SSN	Social Security Number
Target N.B.	Target National Bank and TFS Target Financial Services	Aka “REDcards” Target (Stores) VISA card Target Credit Card Target Check (debit) Card	https://redcard.target.com/redcard/content/rcw_compare Target Financial Services Mail Stop 5C-F PO Box 673 Minneapolis, MN 55440 888-755-5856
THD/CBSD	The Home Depot / CitiBank South Dakota	The Home Depot	www.homedepot.com; click on “Credit” tab 866-875-5488
TMCC	Toyota Motor Credit Co.	Toyota, Lexus car loans
TU	TransUnion, one of	the big 3 credit	repositories or credit information aggregators
VISDSNB	Department Store National Bank VISA	VISA cards
WFB CD SVC	Wells Fargo Bank card services		877-778-5697
WFNNB	World Financial Network National Bank	“Express”, Structure, Victoria’s Secret, La Redoute, Lerner, The Spiegel Group, Lane Bryant, Brylane Home
UCS/Citi	Universal Card Services Corp. (UCS), formerly AT&T, now a unit of CITIBANK	Now issued by Citi. Issues AT&T Universal Savings Platinum & AT&T Universal Savings and Rewards cards.	AT&T Universal Card Services, sold in 1998 to Citigroup AT&T Universal Card Attn: Payment Department 1500 Boltonfield Street Columbus, OH 43228 800-423-4343
US DEP ED	United States Department of Education	For student loans	800-848-0979
Ymaha	Yamaha Music issued by GE Money Bank and Yamaha Motor issued by HSBC	Yamaha Music & Sound Card Yamaha Motor Corp. factory financing
YOB	Year of Birth
XP or XPN	Experian, one of	the big 3 credit	repositories or credit infomation aggregators