Credit Utilization Ratio

Uptrend Credit is an innovative platform that provides credit reporting services in a user-friendly and easy-to-understand format. Uptrend Credit uses the school system as a guide in its credit reporting services.

A credit grade summarises your entire credit report information into a letter depending on what credit score you have got. For example, an ‘A’ credit grade refers to having a high/very good credit score and an ‘F’ grade refers to a poor credit score. By comparing this information to the patterns in thousands of past credit reports, credit grading identifies your level of credit risk. Your grade tells a lender how likely you are to repay a loan, or make credit payments on time. Having an A grade, the better chance you have of getting the credit you apply for.

Credit grading generally looks at how late your payments were, how much was owed, how recently, and how often you missed a payment. This grading is calculated by a mathematical equation that evaluates many sorts of data points (score factors) from your credit report at that exact credit-reporting agency. There are five specific factors that come in how your score is calculated.

• Payment History reflects whether or not you create payments on time on each of your accounts.
• Credit Utilization covers the available credit you’ve used. If possible, keep on with 30% or less of your total available credit.
• Credit Age shows how long you’ve had credit, and how old each of your accounts is.
• Credit Mix covers the types of revolving and fixed-payment credit accounts you hold.
• Credit Inquiries illustrate how many times you’ve applied for a brand new credit in the last few months or years. New credit applications make up 10% of your credit score.

Credit grade (credit score)  is one of the main tools creditors, employers, insurance and finance companies rely on to determine your creditworthiness. Your grade is a quick snapshot that is often used when credit decisions are made quickly. Creditors may also obtain your full credit report (card), to access more detailed information to aid their decision on your level of risk.

o acquire daily monitoring of your credit report that you are entitled to under federal law, you must go to monitoring.uptrendcredit.com. At this website address, you can get your credit report from all three credit reporting agencies – Experian, Equifax, and TransUnion. Our service makes your personal report available online 24/7. You have peace of mind from knowing that your credit records are being monitored daily. If any irregular account activity is detected, we’ll notify you promptly.

Once you have completed the enrollment process, you will be automatically directed to our member dashboard. From the member dashboard, you can easily navigate between the different benefits by using the tabs near the top of the page.