Your credit report is more than just numbers — kabuuang credit story mo to.
Your TransUnion credit report provides a detailed view of your credit report and financial health. It shows kung gaano ka ka-responsible sa paggamit ng credit, kaya super helpful ‘to when you’re planning to apply for loans or credit cards. Plus, knowing how to read it can help you stay in control of your finances.
Let’s break down the key sections for you:
Account Status
Dito mo makikita kung ano ang current status ng credit card at loan accounts mo. Whether you’re in good standing or not, the common values are as follows:
Current: Everything is up to date, meaning on time ang mga payments mo always, and that is good!
Delinquent: May na-miss kang payment, kaya overdue na.
Closed: Closed at paid na ang account, pero part pa rin ng credit history mo.
Account Type
This explains what kind of credit account you have:
Revolving: Tulad ng credit cards, pwede mong ipasa ang balance from one month to the next.
Installment: Loans that you repay over a set period, kumbaga fixed yung payment schedule, tulad ng car loan o mortgage.
A/C Holder Types
Makikita rito kung anong role mo sa account:
Individual (HI) or Sole Account Holder: Sa’yo lang yung account, meaning you’re fully responsible for its repayments.
Joint (HJ) or Joint Account Holder: You’re sharing an account with another person, like a spouse. Both parties are responsible for repayments.
Principal Borrower (HPI) or Principal Borrower with Guarantor: The individual is the primary person responsible for repaying the loan, pero yung account ay nakapangalan din sa isang third-party guarantor who will be responsible if the primary borrower defaults.
Guarantor (G): The individual guarantees the account and will only be responsible if the principal borrower fails to meet payment obligations.
Consumer/Commercial
This tells whether the account is for personal or business use:
Consumer (I): Personal use lang, like credit cards.
Commercial (C): For business purposes naman.
Legal Action
Dito mo makikita kung may legal na actions na nakakaapekto sa credit mo. The valid values are:
Y or Yes: Legal action has been taken on the account.
N or No: No legal action has been taken.
U or Unknown: It’s not clear whether legal action has been taken.
Risk Grade
This shows how risky or safe ka para sa lenders. The following values correspond to specific rsk grades used for certain score types like GR01, GR02, and SCR1. Ito ang summary ng mga valid risk grade values na makikita mo sa report mo:
NA: Not Applicable
AA: Highest risk grade (often the most creditworthy)
BB
CC
DD
EE
FF
GG
HH
II
JJ: Lowest risk grade (typically represents higher credit risk)
Each letter represents a different level of risk, with AA indicating a low-risk borrower and JJ indicating higher risk. These grades help lenders quickly assess the credit risk associated with a borrower.
Being proactive with your credit means smoother transactions in the future. So, take charge, stay informed, and use your TransUnion credit report as your financial guide!
Remember, your credit report is more than just numbers—it’s a tool that can help you reach your financial goals, whether it’s getting approved for a loan, securing a lower interest rate, or simply keeping your financial life in check. The more you stay on top of your credit status, the more you’ll feel in control. Kaya don’t forget to regularly check your credit report para makaiwas sa surprises and to keep your credit score in good shape. 😊
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