Understanding

your credit

What does your credit report say about you?

What does your credit say about you?

Not knowing what your credit report says about your finances may cost you more when trying to obtain a mortgage. Even those who pay everything on time might have an unaddressed credit issue that is hurting their credit! It is possible for incorrect information to be reported on your credit report, and it is important to identify any issues and correct them before you apply for a mortgage.

What makes up your credit report?

Your credit score is a numerical representation of your trustworthiness in paying back debt. Each bureau will present you with a credit score based on the data they have.

What is reported?

A few of the items reported on your credit may include:

  • Credit Cards
  • Department store cards
  • Gas cards
  • Bank cards
  • Airline cards
  • Installment Loans
  • Mortgage loans
  • Auto loans
  • Student loans
  •  Utilities
  • Rent (sometimes)
  • Collections or judgements
  • Bankruptcies

What does your credit history look like?

Credit history is a record of the health of each reporting credit line. Your credit score is created from the list below.

Payment History

35%

Time Existing

15%

Debt

30%

Account Variety

10%

New Credit

10%

LaMonica McDuffie

Loan Officer  //  NMLS #1991132

My name is LaMonica McDuffie.  I am a native of Durham, North Carolina.  I have a Degree in Business Management from North Carolina Agricultural & Technical State University.  I am the eldest of 2 sisters and the dog mother of 2 adorable dogs, Chase, and Harley.

Growing up my mother and I always had a love of touring new construction homes in our area.  For years I thought my dream job would be helping other people enjoy every aspect of building or owning a home of their own.

While still in college I started gaining the experience that I still use to this day in the mortgage industry. Right away I knew that I was going to love being involved in the process of helping families obtain a mortgage for their homes.  Seeing the joy, it brings to families and the pride they take in seeing their dream of homeownership come to fruition gives me the passion to perform my job to the best of my ability.

LaMonica.McDuffie@Nafinc.com(919) 638-7494
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LaMonica McDuffie Mortgage Loans

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