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ScoreWizard Plan

Overview

The following list provides tips for improving your credit score. ScoreWizard believes these actions would most improve your score. Their order is important because each action may build on the results of previous ones. Some actions may be repeated if they apply to multiple accounts. Keep in mind that you cannot impact negative factors such as length of credit history or past delinquencies.

Here is your current situation, reflecting your credit report as of today:

Your credit score is currently 532. We estimate that in one month, due to the normal aging process of your credit profile, your credit score would increase +3 to 535. However by following the step-by-step process in the ScoreWizard analysis below, your credit score shows a potential improvement of +87 points to 619.

	Credit Analyzer

Provided By: SCORE WIZARD MORTGAGE
For: JOHN DOE (name has been changed)
Credit Bureau: TransUnion on 10/06/2006

Summary


	Potential score improvement: +87

Advisor View Steps

Determine potential — see how much room there is to improve
Take action — see specific ways to achieve potential
Identify critical factors — understand which accounts are hurting and helping
Verify information — make sure reported information is up-to-date and accurate

The current CreditXpert Credit Score™ is in the lowest 5% of the U.S. population.

Actions

How much cash is needed?

Cash needed for these actions: $1,031.

These actions may raise your score

Reducing the average usage (the sum of balances divided by the sum of credit limits) on your revolving accounts. You can do this by paying down the balance on an existing account, or by opening a new account.

Action:	Opening a new revolving bankcard account with a credit limit of at least $300, keeping a $0 balance on this account, and waiting a month for it to be reported. The new account may be a secured credit card.
Score impact:	+21

Reducing the average usage (the sum of balances divided by the sum of credit limits) on your revolving accounts, and at the same time reducing the total past due amount on your past due revolving accounts. You can do this by paying down the balance on a past due account.

Action:	Paying down the balance to $53 on your CAPITAL 1 BK account (# XXXXXXXXXXXX), and waiting a month for the new balance to be reported.
Score impact:	+36

Action:	Paying down all of the following balances: pay down to $10 on CAPITAL 1 BK (# XXXXXXXXXXXX) and pay down to $148 on SEARS/CBSD (# XXXXXXXXX). Then, wait a month for these changes to be reported.
Score impact:	+13

Action:	Paying down the balance to $21 on your SEARS/CBSD account (# XXXXXXXXX), and waiting a month for the new balance to be reported.
Score impact:	+4

Reducing your past due amounts. You can do this by paying down the past due amount on an account.

Action:	Paying down the past due amount to $0 on your CAPITAL 1 BK account (# XXXXXXXXXXXX), and waiting a month for the new past due amount to be reported.
Score impact:	+20

Impact of time on your credit

In addition to any payments made to complete the recommended actions, we assume that you have made on-time monthly payments on all of your accounts since they were last reported, and will continue to do so. This does not mean that past due accounts become paid as agreed, but that they will not become more seriously past due. We also assume that you will not increase your revolving balances (unless that is one of the actions listed), and that lenders will report your new account information next month.

Timeframe:	One month
Score Impact:	-7

Notes on Actions

Accuracy and timeframe for score improvement
Credit limit and present payment status are assumed to be reported for any new accounts. The credit limit is based on your current credit score (better scores are assigned a higher limit). The score change shown is only an estimate, and there is no guarantee that your credit scores will increase by this exact amount should you take all of the recommended actions. For one thing, other information in your credit reports (such as account balances) may change at the same time. Also, some of the recommended actions may require more than one month to take effect, as lenders may not immediately report your updated account information (such as a new account or lower balance) to the credit bureaus. As a result, allow up to 3 months for your scores to change after you take any actions.
Order of actions
The estimated score change is based on doing all the actions in the order shown. The order of the listed actions is important because each action may build on the results of previous ones. If you see similar actions on the same account, you can combine them together and perform them as a single action. Paying down balances to zero can sometimes be worse than keeping small balances, so pay careful attention to the instructions for each action.
Payments and balance transfers
Payments and transfers are assumed to be made at once and completely, not gradually over time. Account terms, such as interest rate (APR) and balance transfer fees, are not available and therefore not considered when suggesting balance transfers between accounts. While transferring debt between accounts can increase your credit scores, they can also cause you to pay higher interest and fees, depending on the terms such as interest rate (APR) and balance transfer fees. Note that accounts for which the credit limit/loan amount is missing may not be used in some actions.

Credit Analyzer is comprised of CreditXpert Credit Score™, CreditXpert Credit Analysis™ and CreditXpert Credit Wizard™.

The following information applies to all CreditXpert® products.

The information used by CreditXpert products is derived from one or more credit reports produced by the major credit reporting agencies, also called credit bureaus. The information contained in credit reports reflects the latest information provided to and recorded by the credit bureaus. Recent activity, such as making a payment, opening a new account, or authorizing a credit inquiry, may not yet be reflected in the person's credit reports. If not, this activity will not be reflected in any CreditXpert products. In addition, results may change every time new information is added to or removed from credit reports, as well as with the passage of time. CreditXpert products are only as accurate as the information upon which they are based. CreditXpert Inc. is not responsible for incorrect, missing, or outdated information in credit reports, which may lead to inaccurate results. Users should carefully review all of the information in credit reports to make sure it is accurate and up-to-date. Note that CreditXpert Inc. does not provide financial or other advice, and is not a credit counseling or credit repair organization.

CreditXpert Credit Scores™ are provided to help users better understand how lenders evaluate consumer credit reports. Lenders may use a different score to evaluate a person's creditworthiness. Therefore, nothing in CreditXpert products is an endorsement or a determination of a person's qualification for a loan, a change in loan terms or any other extension of credit by lenders. Each lender has specific underwriting standards, so a person should not assume that he or she will receive the same evaluation, credit terms or conditions from each lender. Also, CreditXpert Inc. is not connected in any way to Fair Isaac Corporation; the CreditXpert Credit Score is not a so-called FICO® score. CreditXpert Inc. does not represent that CreditXpert Credit Scores are identical or similar to any specific credit scores produced by any other company. Moreover, score changes predicted by CreditXpert products are only estimates. CreditXpert Inc. does not guarantee that credit scores from any other company will change by the same number of points, if at all.

Also, CreditXpert Inc. does not represent that potential problems found by its software in credit reports are real, or that correcting such items will result in changes to credit scores. Furthermore, CreditXpert Inc. provides information to help consumers make their own decisions; it does not advise anyone to dispute any item in his or her credit report. Moreover, CreditXpert products do not change any information in any credit report, nor do they initiate any disputes on anyone's behalf.

THE FOREGOING INFORMATION IS NOT INTENDED TO PROVIDE OR IMPLY WARRANTIES OF ANY KIND. CREDITXPERT PRODUCTS ARE PROVIDED ON AN "AS IS" BASIS, AND CREDITXPERT INC. AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, SYSTEM INTEGRATION, NON-INTERFERENCE AND/OR ACCURACY OF INFORMATIONAL CONTENT.