Free Equifax Report

I checked my mail yesterday afternoon, and there it was. I had won a free Equifax report, courtesy of Juniper Bank.

 

Actually, those were the results. I get a free Equifax report because my application for credit was declined.

Equifax is my best report, but a couple of derogatory items are only four years old.
That came up on the rejection letter, of course. Also, length of time accounts have been established, ratio of balances to available credit, and number of accounts paid as agreed.

I have speculated about that last item, and I guess it could mean that they want to see some closed accounts, or else that they calculate a ratio of good to bad accounts. If the latter, then that ratio has to be 90 to 100 percent.

Number of accounts paid as agreed could NOT mean number of satisfactory accounts, because I have close to ten on each report. I really think it's a ratio, designed to count derogatory items twice when calculating your credit score.

 

That would be quite a dream. I actually want that to happen someday, but right now it looks like at least a year before that happens. Everything drops off in less than 3 years now.

 

That's okay, I was trying to be funny as well as mysterious. You did get me thinking some more about perfect credit reports, which is a good thing.

 

Your free Equifax report was courtesy of Equifax, not Juniper. You're entitled to a free copy of any report that's used in conjunction with an inquiry used when applying for credit if you are declined, regardless of credit reporting agency used.