How to Read an Equifax Credit Report Customer Tutorial Important Legal Note

How To Read An Equifax Credit Report Customer Tutorial Important Legal Note

The information in this presentation is not to be relied upon, is not intended to be, nor should it be used or construed as, legal advice. Equifax assumes no liability for any errors or omissions in the information in this presentation. Compliance with the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA) or their respective regulations is the responsibility of each entity to which such laws apply. All specific consumer, customer and other third party information in this presentation is fictitious.

This presentation contains Equifax proprietary and confidential information. Do not distribute or copy.

Equifax Confidential and Proprietary Information 2 Information Included in an Equifax Credit Report • Personal Information - Name, address, Social Security number, date of birth, employment history • Credit History - Account details such as open date, credit limit, loan amount, balance, payment terms and history • Inquiries - Record of who has procured the credit report • Public Records and Collections - Liens, bankruptcies, judgments, items being handled by a collection agency

Equifax Confidential and Proprietary Information 3 Information NOT Included in an Equifax Credit Report • Checking or savings account data • Bankruptcies more than 10 years old • Charged-off debts or collection items more than seven years old • Gender, ethnicity, religion or political affiliation • Medical history • Criminal records • Motor vehicle records • Actual items purchased by credit card

Equifax Confidential and Proprietary Information 4 Permissible Purposes Under The FCRA

• The Fair Credit Reporting Act limits the use of consumer reports to protect consumers' privacy. • All users must have a permissible purpose under the FCRA to obtain a consumer report.

Equifax Confidential and Proprietary Information 5 Permissible Purposes under the FCRA Include, Without Limitation: • For the extension of credit as a result of an application from a consumer • For employment purposes, including hiring and promotion decisions, where the consumer has given written permission • When there is a legitimate business need in connection with a business transaction that is initiated by the consumer • To review a consumer's account to determine whether the consumer continues to meet the terms of the account

Equifax Confidential and Proprietary Information 6 Equifax Database and Report Names

• ACRO - An acronym for Automated Credit Report On-Line (Equifax’s consumer credit database) – ACROFILE – ACROFILE PLUS

Equifax Confidential and Proprietary Information 7 SAMPLE REPORT: ACROFILE & ACROFILE PLUS

ACROFILE and ACROFILE PLUS both contain: • Address Discrepancy Message • Fraud and Active Duty Military Alerts • Consumer Referral Message • Identification • Employment • Summary of File Items • Public Records or Other Information • Inquiries • Trade ACROFILE PLUS contains items above, plus: • Summarized historical delinquency information • Collection items grouped in a separate section from public records • Accounts grouped by trade type (revolving, open and installment) and subtotals calculated for each • Tradeline information stacked in a two-line format • A 24-month payment history that provides customers with a graphic representation of the consumer’s delinquency history

Equifax Confidential and Proprietary Information 8 SAMPLE REPORT: ACROFILE & ACROFILE PLUS AddressAddress Discrepancy Discrepancy Indicator Indicator *ADDRESS DISCREPANCY - NO SUBSTANTIAL DIFFERENCE MessageMessage *************************************************************************************************** TheThe Fair Fair and and Accurate Accurate Credit Credit Transaction Transaction * EXTENDED FRAUD VICTIM ActAct (FACTA) (FACTA) obligates obligates consumer consumer reporting reporting * ACTIVE MILITARY agenciesagencies (CRAs) (CRAs) to to return return an an address address *************************************************************************************************** discrepancy indicator where appropriate. *001 Equifax Information Services discrepancy indicator where appropriate. P O BOX 740241 ATLANTA GA 30374-0241 800 / 685-1111 IfIf the the inquiry inquiry address address substantially substantially differs differs *CONSUMER, JOHN, Q, JR SINCE 03/10/81 FAD 12/28/05 FN-238 fromfrom the the address(es) address(es) on on the the credit credit file, file, the the 9412, MAIN, ST,ATLANTA, GA 30302, TAPE RPT 07/03 followingfollowing message message will will display: display: TELEPHONE (404) 555-1212 CRT RPTD 07/03 ““ADDRESSADDRESS DISCREPANCY DISCREPANCY – –A A 410, ORANGE GROVE, DR, SAN JOSE, CA 95119, CRT RPT 06/00 SUBSTANTIAL DIFFERENCE OCCURRED” 46, KENNEDY, DR, DETROIT, MI DAT RPT 03/99 SUBSTANTIAL DIFFERENCE OCCURRED” ****ALSO KNOWN AS - CCONSUMER JACK**** ****FORMER NAME - CONSUMER, QUINCY**** BDS-03/03/1961, SSN 900-00-0000 SSN VER: Y 01 ALERT CONTACT* - MILITARY, RPTD- 07/22/2005, EFFECT: 07/04/2005 ADDRESS – 4000011 MAIN ST, APARTMENT 50, TULSA, OK, 33333 CELLULAR, (11111) 770-444-5555 PAGER , (12222) 770-444-5555 DAYTIME , (13333) 770-444-5555, EXT-88888 GEN INFO: THIS FIELD IS FOR ADDITIONAL INFORMATION, SUCH AS AN E-MAIL ADDRESS

Equifax Confidential and Proprietary Information 9 SAMPLE REPORT: ACROFILE & ACROFILE PLUS FraudFraud Alerts Alerts and and *ADDRESS DISCREPANCY – NO SUBSTANTIAL DIFFERENCE *************************************************************************************************** ActiveActive Duty Duty Military Military Alert Alert * EXTENDED FRAUD VICTIM TheThe FACTA FACTA obligates obligates a a CRA CRA to to indicate indicate * ACTIVE MILITARY when a consumer has placed an initial or *************************************************************************************************** when a consumer has placed an initial or *001 Equifax Information Services extendedextended fraud fraud alert alert or or active active duty duty military military P O BOX 740241 ATLANTA GA 30374-0241 800 / 685-1111 alertalert on on his his or or her her file. file.

*CONSUMER, JOHN, Q, JR SINCE 03/10/81 FAD 12/28/05 FN-238 9412, MAIN, ST,ATLANTA, GA 30302, TAPE RPT 07/03 INITIALINITIAL FRAUD FRAUD VICTIM VICTIM TELEPHONE (404) 555-1212 CRT RPTD 07/03 (Alert(Alert stays stays on on file file for for 90 90 days) days) 410, ORANGE GROVE, DR, SAN JOSE, CA 95119, CRT RPT 06/00 EXTENDED FRAUD VICTIM 46, KENNEDY, DR, DETROIT, MI DAT RPT 03/99 EXTENDED FRAUD VICTIM ****ALSO KNOWN AS - CCONSUMER JACK**** (Alert(Alert stays stays on on file file for for 7 7 years) years) ****FORMER NAME - CONSUMER, QUINCY**** ACTIVEACTIVE DUTY DUTY MILITARY MILITARY BDS-03/03/1961, SSN 900-00-0000 SSN VER: Y (Alert stays on file for 12 months) 01 ALERT CONTACT* - MILITARY, RPTD- 07/22/2005, EFFECT: 07/04/2005 (Alert stays on file for 12 months) ADDRESS – 4000011 MAIN ST, APARTMENT 50, TULSA, OK, 33333 CELLULAR, (11111) 770-444-5555 WhenWhen an an Initial Initial or or Extended Extended Fraud Fraud Victim Victim PAGER , (12222) 770-444-5555 alert or an Active Duty Military alert is DAYTIME , (13333) 770-444-5555, EXT-88888 alert or an Active Duty Military alert is GEN INFO: THIS FIELD IS FOR ADDITIONAL INFORMATION, SUCH AS AN E-MAIL ADDRESS addedadded to to the the file, file, the the consumer consumer may may provideprovide contact contact information information to to the the CRA, CRA, whichwhich must must then then incl includeude such such information information inin the the report. report.

Equifax Confidential and Proprietary Information 10 SAMPLE REPORT: ACROFILE & ACROFILE PLUS Consumer Referral Message *ADDRESS DISCREPANCY – NO SUBSTANTIAL DIFFERENCE Consumer Referral Message *************************************************************************************************** CreditCredit reporting reporting agency agency address address and and * EXTENDED FRAUD VICTIM telephonetelephone number number for for consumer consumer contact. contact. * ACTIVE MILITARY *************************************************************************************************** *001 Equifax Information Services TheThe FCRA FCRA mandates mandates that that CRA CRA contact contact P O BOX 740241 ATLANTA GA 30374-0241 800 / 685-1111 informationinformation be be providedprov proviidedded on on adverse adverse action action or declination letters whenwhen the decision is *CONSUMER, JOHN, Q, JR SINCE 03/10/81 FAD 12/28/05 FN-238 or declination letters when the decision is 9412, MAIN, ST,ATLANTA, GA 30302, TAPE RPT 07/03 basedbased on on the the credit credit report. report. TELEPHONE (404) 555-1212 CRT RPTD 07/03 410, ORANGE GROVE, DR, SAN JOSE, CA 95119, CRT RPT 06/00 46, KENNEDY, DR, DETROIT, MI DAT RPT 03/99 ****ALSO KNOWN AS - CCONSUMER JACK**** ****FORMER NAME - CONSUMER, QUINCY**** BDS-03/03/1961, SSN 900-00-0000 SSN VER: Y 01 ALERT CONTACT* - MILITARY, RPTD- 07/22/2005, EFFECT: 07/04/2005 ADDRESS – 4000011 MAIN ST, APARTMENT 50, TULSA, OK, 33333 CELLULAR, (11111) 770-444-5555 PAGER , (12222) 770-444-5555 DAYTIME , (13333) 770-444-5555, EXT-88888 GEN INFO: THIS FIELD IS FOR ADDITIONAL INFORMATION, SUCH AS AN E-MAIL ADDRESS

Equifax Confidential and Proprietary Information 11 SAMPLE REPORT: ACROFILE & ACROFILE PLUS IdentificationIdentification *ADDRESS DISCREPANCY – NO SUBSTANTIAL DIFFERENCE AssistsAssists with with verifying verifying consumer consumer information. information. *************************************************************************************************** Includes: * EXTENDED FRAUD VICTIM Includes: * ACTIVE MILITARY •• SubjectSubject name name *************************************************************************************************** •• SINCESINCE - -date date file file was was established established *001 Equifax Information Services •• FADFAD - -date date of of most most recent recent activity activity P O BOX 740241 ATLANTA GA 30374-0241 800 / 685-1111 •• FNFN - -file file number number for for internal internal use use *CONSUMER, JOHN, Q, JR SINCE 03/10/81 FAD 12/28/05 FN-238 •• UpUp to to three three addresses addresses – –current current and and 9412, MAIN, ST,ATLANTA, GA 30302, TAPE RPT 07/03 formerformer TELEPHONE (404) 555-1212 CRT RPTD 07/03 •• TelephoneTelephone numbers numbers 410, ORANGE GROVE, DR, SAN JOSE, CA 95119, CRT RPT 06/00 • Also known as (AKA) and former name 46, KENNEDY, DR, DETROIT, MI DAT RPT 03/99 • Also known as (AKA) and former name ****ALSO KNOWN AS - CCONSUMER JACK**** (FN)(FN) ****FORMER NAME - CONSUMER, QUINCY**** •• BirthBirth date(1), date(1), SSN SSN and and Social Social Security Security BDS-03/03/1961, SSN 900-00-0000 SSN VER: Y NumberNumber Verified Verified (2) (2) 01 ALERT CONTACT* - MILITARY, RPTD- 07/22/2005, EFFECT: 07/04/2005 ADDRESS – 4000011 MAIN ST, APARTMENT 50, TULSA, OK, 33333 CELLULAR, (11111) 770-444-5555 (1)(1) Creditors Creditors may may report report ag agee instead instead of of birth birth PAGER , (12222) 770-444-5555 datedate to to protect protect the the consumer consumer’s’s privacy. privacy. DAYTIME , (13333) 770-444-5555, EXT-88888 GEN INFO: THIS FIELD IS FOR ADDITIONAL INFORMATION, SUCH AS AN E-MAIL ADDRESS (2)(2) An An optional optional service service that that reports reports if if Social Social SecuritySecurity Number Number has has been been verified verified throughthrough major major Equifax Equifax reporting reporting customers.customers. Verification Verification is is not not through through the the SocialSocial Security Security Administration. Administration.

Equifax Confidential and Proprietary Information 12 Name Segment

•Redefined fields – Last Name – expanded from 25 to 51 positions – First Name – expanded from 15 to 25 positions – Middle Name – expanded from 15 to 25 positions •Benefits – Allows Equifax to provide longer names in keeping with the current international practices – Enhances quality and accuracy – Enhances the file search process (future enhancement)

Equifax Confidential and Proprietary Information 13 New Segments • Other Identification Segment (OS) contains: – Date Reported – the date the OS segment was applied to the file – Type Code Field – Denotes the type of data that resides in the Other Identification Number field such as • C = SIN, S = SSN and T = Tax ID

– Other Identification Number such as Tax ID number – Reason codes to explain the type of ID added to the file • Tax ID #

• Minor Child SSN

• Social Insurance Number (Canada) • Benefits – Assists in ID verification and fraud detection/prevention

Equifax Confidential and Proprietary Information 14 SAMPLE REPORT: ACROFILE & ACROFILE PLUS *001 Equifax Information Services EmploymentEmployment P O BOX 740241 ATLANTA GA 30374-0241 800 / 685-1111 DisplaysDisplays up up to to three three employers employers (current (current *CONSUMER, JOHN, Q, JR SINCE 03/10/81 FAD 12/28/05 FN-238 andand two two previous). previous). May May include include the the 9412, MAIN, ST,ATLANTA, GA 30302, TAPE RPT 07/03 following information (to the extent TELEPHONE (404) 555-1212 CRT RPTD 07/03 following information (to the extent 410, ORANGE GROVE, DR, SAN JOSE, CA 95119, CRT RPT 06/00 available):available): 46, KENNEDY, DR, DETROIT, MI DAT RPT 03/99 ****ALSO KNOWN AS - CCONSUMER JACK**** • Position ****FORMER NAME - CONSUMER, QUINCY**** • Position BDS-03/03/1961, SSN 900-00-0000 SSN VER: Y ••EmployerEmployer or or firm firm 01 ALERT CONTACT* - MILITARY, RPTD- 07/22/2005, EFFECT: 07/04/2005 ••CityCity and and state state of of employer employer ADDRESS – 4000011 MAIN ST, APARTMENT 50, TULSA, OK, 33333 • Date employed, date verified, date left CELLULAR, (11111) 770-444-5555 • Date employed, date verified, date left PAGER , (12222) 770-444-5555 DAYTIME , (13333) 770-444-5555, EXT-88888 EmploymentEmployment is is listed listed by by line line number number as as GEN INFO: THIS FIELD IS FOR ADDITIONAL INFORMATION, SUCH AS AN E-MAIL ADDRESS follows: 01 ES- ENGINEER, ACME MFG, ATLANTA, GA, 06/00 follows: 02 EF- ENGINEER, CENTRAL POWER, SAN JOSE, CA 03 E2- ENGINEER, MAJOR MOTORS,DETROIT,MI LineLine 01 01 = = current current employer employer (ES) (ES) LineLine 02 02 = = former former employer employer (EF) (EF) LineLine 03 03 = = second second former former employer employer (E2) (E2)

Equifax Confidential and Proprietary Information 15 SAMPLE REPORT: ACROFILE

01 ES- ENGINEER, ACME MFG, ATLANTA, GA, 06/00 02 EF- ENGINEER, CENTRAL POWER, SAN JOSE, CA Summary of File Items 03 E2- ENGINEER, MAJOR MOTORS,DETROIT,MI Summary of File Items SnapshotSnapshot of of credit credit informationin informationformation found found in in *SUM- 07/82-01/06, PR/OI-YES, FB-NO, ACCTS:7, HC$450-160K, 4-ONES, 1-TWO, thethe file file and and includes: includes: 1-FIVE, 1 -OTHER.

••OldestOldest open open date date of of trade trade *****PUBLIC RECORDS OR OTHER INFORMATION***** ••NewestNewest reported reported date date of of trade trade 04 07/03* BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, DISMSD CH-7 ••PresencePresence of of Public Public Records/Other Records/Other 05 01/06 COLL 03/05 111YC00000 FOR InformationInformation (indicat (indicateded by by yes yes or or no) no) AMT:$532 BAL:$300 PAYMENT DLA:11/04, I,654321 • FB-NO (Foreign Bureau) - File contains MEDICAL • FB-NO (Foreign Bureau) - File contains 06 05/03* ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER nono information information from from a a non non-Equifax-Equifax 01/06, SATISFIED, 08/03 affiliate 07 11/05* LIEN, 111VF000, 1234567, $580,VF,12/05,01/06 affiliate ************************************************************************** ••NumberNumber of of trade trade lines lines (accounts) (accounts) ••RangeRange of of high high credit credit amounts amounts ••NumberNumber of of accounts accounts with with each each current current statusstatus code code (0 (0-9).-9). Example: Example: Four Four trade trade lineslines are are rated rated “ “1.”1.”

Equifax Confidential and Proprietary Information 16 SAMPLE REPORT: ACROFILE PLUS 01 ES- ENGINEER, ACME MFG, ATLANTA, GA, 06/00 Historical Delinquency 02 EF- ENGINEER, CENTRAL POWER, SAN JOSE, CA Historical Delinquency 03 E2- ENGINEER, MAJOR MOTORS,DETROIT,MI IsIs added added to to the the summary summary line line and and reflects reflects thethe highest highest delinquency delinquency rarating ratingting in in either either the the *SUM- 07/82-01/06, PR/OI-YES, COLL-YES, FB-NO, ACCTS:7, HC$450-160K, maximum delinquency or 24-month history 4-ONES, 1-TWO, 1-FIVE, 1 -OTHER, HIST DEL - 1-THREE, 1-FOUR. maximum delinquency or 24-month history forfor each each trade trade line. line. INQUIRY ALERT - SUBJECT SHOWS 3 INQUIRIES SINCE 10/05

*****PUBLIC RECORDS OR OTHER INFORMATION***** InquiryInquiry Alert Alert 04 07/03* BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, WhenWhen 3 3 or or more more inquiries inquiries are are present present DISMSD CH-7 within a 90 day period, an alert message 05 05/03* ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER within a 90 day period, an alert message 01/06, SATISFIED, 08/03 willwill display. display. 06 11/05* LIEN, 111VF000, 1234567, $580,VF,12/05,01/06

* * * * * * COLLECTION ITEMS * * * * * * PublicPublic Record Record Display Display LIST RPTD AMT/BAL DLA/ECOA AGENCY/CLIENT STATUS/SERIAL ACROFILEACROFILE PLUS PLUS groups groups public public records records in in 03/02 01/06 $532 01/02 111YC00000 PAYMENT a separate section from collections. $300 I 654321 aa separate separate section section from from collections. collections. MEDICAL * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Equifax Confidential and Proprietary Information 17 SAMPLE REPORT: ACROFILE

*SUM- 07/82-01/06, PR/OI-YES, FB-NO, ACCTS:7, HC$450-160K, 4-ONES, 1-TWO, 1-FIVE, 1 -OTHER. Public Records *****PUBLIC RECORDS OR OTHER INFORMATION***** Public Records 04 07/03* BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, InformationInformation collected collected from from city, city, state state and and DISMSD CH-7 federalfederal courthouses courthouses by by third third-party-party 05 01/06 * COLL 03/05 111YC00000 FOR vendors. Once retrieved, this information AMT:$532 BAL:$300 PAYMENT DLA:11/04, I,654321 vendors. Once retrieved, this information MEDICAL isis incorporated incorporated into into the the body body of of the the credit credit 06 05/03* ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER file and may include: 010/06, SATISFIED, 08/03 file and may include: 07 11/05* LIEN, 111VF000, 1234567, $580,VF,12/05,01/06 ************************************************************************** •• BankruptcyBankruptcy •• JudgmentJudgment •• LienLien

Equifax Confidential and Proprietary Information 18 SAMPLE REPORT: ACROFILE PLUS

*SUM- 07/82-01/06, PR/OI-YES, COLL-YES,FB-NO, ACCTS:7, HC$450-160K, Public Records Displayed in the 4-ONES, 1-TWO, 1-FIVE, 1 -OTHER, HIST DEL - 1-THREE, 1-FOUR. Public Records Displayed in the ACROFILEACROFILE PLUS PLUS format. format. INQUIRY ALERT - SUBJECT SHOWS 3 INQUIRIES SINCE 10/05

*****PUBLIC RECORDS OR OTHER INFORMATION***** 04 07/03* BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, DISMSD CH-7 05 05/03* ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER 01/06, SATISFIED, 08/03 06 11/05* LIEN, 111VF000, 1234567, $580,VF,12/05,01/06

* * * * * * COLLECTION ITEMS * * * * * * LIST RPTD AMT/BAL DLA/ECOA AGENCY/CLIENT STATUS/SERIAL 03/02 01/06 $532 01/02 111YC00000 PAYMENT $300 I 654321 MEDICAL * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *************************************************************************

Equifax Confidential and Proprietary Information 19 SAMPLE REPORT: ACROFILE & ACROFILE PLUS

BankruptcyBankruptcy ••DateDate filed filed (07/03) (07/03) • Courthouse customer number ****** PUBLIC RECORDS OR OTHER INFORMATION ****** • Courthouse customer number 04 07/03* BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, DISMSD CH-7 (111VF000)(111VF000) 05 05/03 * ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER • Case number (12345678) and 01/06, SATISFIED, 08/03 • Case number (12345678) and 06 11/05 * LIEN, 111VF000, 1234567, $580, VF, 12/05, 01/06 dispositiondisposition date date ********************************************************************* ••FilerFiler (individual) (individual) ••TypeType of of bankruptcy bankruptcy (personal) (personal) ••DispositionDisposition and and Chapter Chapter (dismissed(dismissed Chapter Chapter 7) 7)

DismissedDismissed (DISMSD) (DISMSD) indicates indicates the the bankruptcy bankruptcy was was not not accepted accepted byby the the court, court, and and discharged discharged (D(DS (DSCHGD)SCHGD)CHGD) indicates indicates the the bankruptcy bankruptcy waswas granted. granted. ChapterChapter 7 7 is is a a strai straightght bankruptcy bankruptcy with with the the debtor's debtor's assets assets distributeddistributed to to the the creditors, creditors, an andd Chapter Chapter 13 13 (Wage (Wage Earner Earner Plan) Plan) is is aa court court-arranged-arranged payment payment plan. plan.

Equifax Confidential and Proprietary Information 20 Bankruptcy Segment

• New Fields – Prior Intent/Disposition Code – contains a code that indicates the status of the bankruptcies prior to that in the Current Intent/Disposition Code field • Added to address customer needs to track bankruptcies that move from one type of filing to another (ex. Chapter 13 to a Chapter 7)

– Current Disposition Date – contains the date of the final status of the case (previously stored in the case number field) • Added to create a specific field for this information. Assists in model development

Equifax Confidential and Proprietary Information 21 Bankruptcy Segment cont’d

• New Fields – Verified Date – contains the date that the information contained in the bankruptcy was verified manually (previously stored in the case number field) • Added to create a specific field for this information – Date Reported – The date the bankruptcy was reported to Equifax • Currently, only Date Filed is provided

• Enhances file quality

Equifax Confidential and Proprietary Information 22 SAMPLE REPORT: ACROFILE & ACROFILE PLUS

AbstractAbstract of of Judgment Judgment ••DateDate filed filed (05/03) (05/03) ••CourthouseCourthouse customer customer number number (111VF000)(111VF000) ****** PUBLIC RECORDS OR OTHER INFORMATION ****** ••AmountAmount of of Judgment Judgment 04 07/03 BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, DISMSD CH-7 • Defendant is the subject 05 05/03 * ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER • Defendant is the subject 01/06, SATISFIED, 08/03 ••CaseCase number number (12345) (12345) 06 11/05 * LIEN, 111VF000, 1234567, $580, VF, 12/05, 01/06 • Plaintiff is Any Bank USA ********************************************************************* • Plaintiff is Any Bank USA ••DateDate item item was was verified verified (01/06) (01/06) ••StatusStatus (satisfied) (satisfied) ••DateDate Satisfied Satisfied (08/03) (08/03)

LienLien ••DateDate filed filed (11/05) (11/05) ••CourthouseCourthouse customer customer number number (111VF000)(111VF000) ••CaseCase number number (1234567) (1234567) ••AmountAmount Due Due ($580) ($580) ••IndustryIndustry code code (Federal (Federal or or State) State) ••DateDate released released (12/05) (12/05) ••DateDate verified verified (01/06) (01/06)

Equifax Confidential and Proprietary Information 23 SAMPLE REPORT: ACROFILE CollectionsCollections *****PUBLIC RECORDS OR OTHER INFORMATION***** AccountsAccounts placed placed with with third third party party 04 07/03* BKRPT 111FV000, 12345678-DSP-09/03, INDIVD, PERSONAL, collection agencies araree found in this DISMSD CH-7 collection agencies are found in this 05 01/06 * COLL 03/05 111YC00000 FOR sectionsection of of the the ACROFILE ACROFILE format. format. AMT:$532 BAL:$300 PAYMENT DLA:11/04, I,654321 CollectionCollection items items include: include: MEDICAL • Date reported (01/06) 06 01/06 *COLL 06/04 111YC01243 ABC COLL FOR METRO TELE • Date reported (01/06) AMT: $58 BAL:$0 PAID DLA: 05/04, ,I, 51150 ••DateDate assigned assigned to to collection collection agency agency 07 05/03* ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER (03/05) 01/06, SATISFIED, 08/03 (03/05) 08 11/05* LIEN, 111VF000, 1234567, $580,VF,12/05,01/06 ••AgencyAgency customer customer number number (111YC00000) (111YC00000) ************************************************************************** ••AgencyAgency’s’s name name and and agency agency’s’s client client (FOR (FOR ––not not stated) stated) ••AmountAmount originally originally owed owed ($532) ($532) ••BalanceBalance due due ($300) ($300) ••DateDate of of last last payment: payment: also also date date of of balancebalance (11/04) (11/04) ••ECOAECOA - -whose whose account accoun t(individual) (individual) See See slideslide 30 30 ••AccountAccount number number (654321) (654321) •• MedicalMedical debt debt

NOTE:NOTE: The The FCRA FCRA prohibits prohibits the the original original creditor creditor fromfrom being being disclosed disclosed on on medical medical debts. debts.

Equifax Confidential and Proprietary Information 24 SAMPLE REPORT: ACROFILE PLUS

*SUM- 07/82-01/06, PR/OI-YES, COLL-YES,FB-NO, ACCTS:7, HC$450-160K, CollectionCollection 4-ONES, 1-TWO, 1-FIVE, 1 -OTHER, HIST DEL - 1-THREE, 1-FOUR. ••DateDate listed listed with with collection collection agency agency (03/05) (03/05) INQUIRY ALERT - SUBJECT SHOWS 3 INQUIRIES SINCE 10/05 ••DateDate last last reported reported to to CRA CRA (01/06) (01/06) ••AmountAmount Owed Owed ($532) ($532) and and balance balance ($300) ($300) *****PUBLIC RECORDS OR OTHER INFORMATION***** • Date of balance (01/04) 04 07/03* BKRPT 111FV000, 12345678-DSP-09/03, INDIVD, PERSONAL, • Date of balance (01/04) DISMSD CH-7 ••ECOAECOA-whose-whose account account (individual) (individual) 05 05/03* ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER • Agency customer number (111YC00000) 01/06, SATISFIED, 08/03 • Agency customer number (111YC00000) 06 11/05* LIEN, 111VF000, 1234567, $580,VF,12/05,01/06 ••AgencyAgency name name – –not not stated stated ••StatusStatus (payment) (payment) * * * * * * COLLECTION ITEMS * * * * * * • Serial number is the account number LIST RPTD AMT/BAL DLA/ECOA AGENCY/CLIENT STATUS/SERIAL • Serial number is the account number 03/05 01/06 $532 01/04 111YC00000 PAYMENT (654321)(654321) $300 I 654321 ••MEDICALMEDICAL - -indicates indicates agency agency client client for for a a MEDICAL medical account * * * * * * * * * * * * * * * * * * * * * * * * * * * * * medical account

Equifax Confidential and Proprietary Information 25 Collection Segment 6.0

• New Fields – Creditor Classification – indicates the type of business of the original creditor • Added to assist in identifying type of collections

• Only reported if a Third Party Collection agency supplies the information (It is not required)

– Last Payment Date – captures the last date a collection payment was received • Shows the date the consumer last made a payment on the account

– Date of 1st Delinquency (previously the date of last activity) – indicates the date of first delinquency as reported by the original creditor • Added to reflect currently reported values

Equifax Confidential and Proprietary Information 26 SAMPLE REPORT: ACROFILE

FIRM/ID CODE RPTD OPND H/C TRM BAL P/D CS MR ECOA ACCOUNT NUMBER SKY BANK *111BB0000 01/06 11/05 2500 20 650 R1 02 J 86911 DLA 01/06 RETAILERS *111DC00 12/05 10/99 1478 30 903 155 R5 23 J 81711 30(03) 60(01) 90+(01) 11/05-R4,10/05-R3,09/05-R2 DLA 07/05 ACCOUNT CLOSED BY CREDIT GRANTOR HOMES *111FM000 12/05 09/00 160K 1350 156K I2 63 I 85611 TOWNCU 111FC000 10/04 08/99 LOST OR STOLEN CARD 24511 & END OF REPORT EQUIFAX AND AFFILIATES - 01/04/06

TradelinesTradelines ••FIRM/IDFIRM/ID CODE CODE – –Name Name and and customer customer number number of of rerepo reportingportingrting company; company; an an asterisk asterisk indi indicatescates trade trade informationinformation is is from from an an automated automated data data susupplier supplipplierer (SKY (SKY BANK BANK 111BB00 111BB0000)00) ••RPTDRPTD – –Date Date item item was was reported; reported; most most ccu custustomersstomersomers report report in informformationation month monthlyly (01/06) (01/06) ••OPNDOPND – –Date Date account account was was opened opened (11/05) (11/05) ••H/CH/C – –High High credit; credit; on on revolving revolving accountsaccount accountss may may indicate indicate credit credit limit limit (2 (2500)500) ••TRMTRM – –Monthly Monthly repayment repayment amount amount or or numb numberer of of months months or or years years shown shown wit withh M M or or Y Y in in the the field field ($20) ($20) ••BALBAL – –Balance Balance owed owed as as of of reported reported date date (650) (650) ••P/DP/D – –Past Past due due amount amount as as of of reported reported date date

Equifax Confidential and Proprietary Information 27 SAMPLE REPORT: ACROFILE

TradelinesTradelines (continued) (continued) ••CSCS – –Type Type and and current current statusst statusatus of of account account (R1) (R1) ••MRMR – –Months Months reviewed; reviewed; usually usually the the numb numberer of of months months an an account account has has be beenen reported reported to to Equifax Equifax (02) (02) ••ECOAECOA – –Equal Equal Credit Credit Opportunity Opportunity Act; Act; coc codeodede indicates indicates account account owner owner (J) (J) ••AccountAccount Number Number – –Account Account number number with with reporting reporting co company;mpany; usually usually truncated truncated or or par partialtial account account numbernumber for for security security reasons reasons (86911) (86911) ••DLADLA – –Date Date of of last last activity; activity; either either payment payment or or purchase purchase or or the the first firs tdelinquency. delinquency. Determines Determines account account purgepurge date date (01/06) (01/06)

Equifax Confidential and Proprietary Information 28 SAMPLE REPORT: ACROFILE PLUS

DisplayDisplay Tradeline Tradeline ••StacksStacks tradelines tradelines in in a a two two-line-line formatformat ••GroupsGroups trade trade by by type type (revolving, (revolving, openopen and and installment) installment) FIRM / IDENT CODE CS RPTD LIMIT HICR BAL $ DLA MR (30-60-90+)MAX/DEL • Provides subtotals which assist ECOA/ACCT NUMBER OPND P/DUE TERM 24 MONTH HISTORY • Provides subtotals which assist ------withwith calculating calculating debt debt-to-high-to-high SKY BANK *111BB0000 R1 01/06 - - - 2500 650 01/06 02 J/86934 11/05 - - - 20 creditcredit ratios ratios • Provides a 24-month history TOWNCU 111FC000 R1 01/06 - - - 5000 4500 01/06 99 • Provides a 24-month history I/27043 07/99 - - - 135 grid.grid. The The grid grid displays displays asterisks asterisks when the account was paid as RETAILERS *111DC00 R5 12/05 - - - 1478 903 07/05 23 (03-01-01) 08/03-R4 when the account was paid as J/81750 10/99 155 30 432***2*****/*****2****** agreedagreed or or will will display display status status (2 (2-9)-9) ACCOUNT CLOSED BY CREDIT GRANTOR whenwhen there there was was a a delinquency. delinquency. REVOLVING TOTALS - - - 8978 6053 • A 24-month grid will not display 155 185 • A 24-month grid will not display ------ifif there there have have not not been been any any TRAVELCLUB*111ON000 O1 09/04 - - - 450 123 09/04 08 delinquencies in the past two J/75250 01/95 - - - 123 delinquencies in the past two years.years. OPEN TOTALS - - - 450 123 • Provides a maximum --- 123 • Provides a maximum ------delinquency.delinquency. Displays Displays the the most most recent/highestrecent/highest delinquency delinquency beforebefore the the 24 24 month month history. history. Example:Example: 08/03 08/03-R4-R4

Equifax Confidential and Proprietary Information 29 SAMPLE REPORT: ACROFILE PLUS How to Read a 24-month History

FIRM / IDENT CODE CS RPTD LIMIT HICR BAL $ DLA MR (30-60-90+)MAX/DEL ECOA/ACCT NUMBER OPND P/DUE TERM 24 MONTH HISTORY ------

RETAILERS *111DC00 R5 12/05 ----- 1478 903 07/05 23 (03-01-01) 08/03-R4 J/81711 10/99 155 30 432***2*****/*****2*****

••ReadRead the the grid grid from from left left to to right. right. ••TheThe first first field field represents represents the the previous previous month month’s’s activity activity based based on on the the date date reported. reported. ••ForFor the the example example above, above, the the “ “4”4” in in the the first first field field of of the the grid grid means means the the account account was was rated rated R4 R4 i nin November November 2005.2005. ••EveryEvery field field represents represents the the status status of of the the previous previous month, month, so so the the R3 R3 occurred occurred in in Octobe Octoberr 2005 2005 with with an an R2 R2 in in SeptemberSeptember and and August August 2005 2005 the the acco accountunt was was current. current. The The next next del deinquencylinquency occurred occurred in in May May 2005. 2005. ••TheThe slash slash in in the the middle middle separates separates the the two two-year-year period period covered covered by by the the grid. grid.

Equifax Confidential and Proprietary Information 30 SAMPLE REPORT: Codes for ACROFILE and ACROFILE PLUS

FIRM/ID CODE RPTD OPND H/C TRM BAL P/D CS MR ECOA ACCOUNT NUMBER SKY BANK *111BB0000 01/06 07/01 2500 20 650 R1 02 J 86911 DLA 01/06 RETAILERS *111DC00 12/05 10/99 1478 30 903 R5 23 J 81711 30(03) 60(01) 90+(01) 07/01-R4,06/01-R3,05/01-R2 DLA 07/05 ACCOUNT CLOSED BY CREDIT GRANTOR TOWNCU 111FC000 10/04 07/82 LOST OR STOLEN CARD 24511 & END OF REPORT EQUIFAX AND AFFILIATES - 01/04/06

NarrativeNarrative Codes Codes CreditorsCreditors can can further further describe describe informationinfo informationrmation about about an an account account by by i ncludingincluding a a narrative narrative code code via via their their monthly monthly reporting.reporting. Currently, Currently, there there are are 253 253 narrative narrative codes codes from from which which to to choose. choose. Example: Example: Account Account Closed Closed By By Credit Credit GrantorGrantor StatusStatus Codes Codes CreditorsCreditors can can prevent prevent a a tradeline tradeline from from being being updated updated so so the the cons consumerumer is is not not penalized penalized due due to to extenuating extenuating circumstances,circumstances, such such as as when when a a credit credit card card is is lost lost or or stolen stolen or or t hethe consumer consumer is is deceased. deceased. These These codes codes are are displayeddisplayed overlaying overlaying the the tradeline tradeline information. information. Example: Example: Lost Lost o orr Stolen Stolen Card Card DateDate File File Accessed Accessed DisplaysDisplays the the date date the the credit credit report report was was accessed accessed by by the the customer customer(is (is also also the the inquiry inquiry date date that that posts posts to to the the consumerconsumer’s’s file). file). Also Also serves serves as as a a notification notification to to the the customer customer that that tra transmissionnsmission of of the the report report is is now now complete. complete.

Equifax Confidential and Proprietary Information 31 Trade Segment

• New Fields – Credit Limit – separate field that was previously stored in the high credit field with accompanying narrative – Activity Designator – indicates the final status of the account such as “closed,” “paid,” “refinanced,” etc. – Account Type – indicates the type of account such as “auto,” “secured,” etc. Previously denoted with narrative code. – Last Payment Date – date of most recent payment – Date Major Delinquency 1st Reported – if the current rate/status is 6 (future use), 8 ,9 , M, Z or narrative code is “081” (foreclosure), this date will reflect the first time that rate/ status or narrative code was reported

Equifax Confidential and Proprietary Information 32 Trade Segment (continued)

– Scheduled Payment Amount – the contractual amount due for a payment period – Terms Frequency – reflects how often the payments are due, such as “weekly” – Closed Date – indicates the date the account was closed – Mortgage Identification Number – contains the number assigned to a mortgage loan that remains constant throughout the life of the loan • Indicates that the loan is registered with the Mortgage Electronic Registration Systems, the electronic registry for tracking the ownership of mortgage rights

• Assists with calculation of number of current mortgages on the file

– Actual Payment Amount – indicates the payment received for a reporting period

Equifax Confidential and Proprietary Information 33 Trade Segment (continued)

– Purchased From/Sold To/Original Creditor Indicator – denotes if the account was purchased from/sold to/or if the following name will indicate original creditor • Only displayed System-to-System

– Purchased From/Sold To/Original Creditor Name –name denotes who the account was either purchased from or sold to or the Original Creditor’s name – if factoring company (debt purchaser) trade – Deferred Payment Start Date – contains the date the first payment is due for deferred loans – Balloon Payment Amount – contains the amount of the balloon payment – Balloon Payment Due Date – contains the date the balloon payment is due

Equifax Confidential and Proprietary Information 34 Trade Segment (continued)

– Previous High Rate > Payment History – contains the highest rate/status that occurred on the trade older than the payment history months selected by the customer • Customer can select up to 48 months of payment history. 24 months will contain both positive and negative values. 36 and 48 months will contain negative values only

– Previous High Date > Payment History – contains the date that the previous high rate occurred older than the payment history selected by the customer – Original Charge-off Amount – the amount originally charged to loss by the creditor (regardless of the declining balance) – Creditor Classification – the general type of business for the original creditor – applicable for factoring company (debt buyers) trade

Equifax Confidential and Proprietary Information 35 Trade Segment (continued)

– Rate/Status – new value of “6” that will be used to identify trade collection accounts • Only in the payment history grid. Will continue to represent in tradeline with a rate 5 and narrative code.

– Payment History – Adding new values of “E” (current account and zero balance), “1” (current account), and “6” (collection account). Also displays multiple occurrences of rates 6, 8 and 9 when they are reported by the customer • Available in Metro 2 values (future use)

Equifax Confidential and Proprietary Information 36 SAMPLE REPORT: ACROFILE

InquiriesInquiries ••AA list list of of customers customers who who received received a a copy copy ofof the the credit credit report. report. ••InquiriesInquiries are are maintain maintaineded to to comply comply with with ****** PUBLIC RECORDS OR OTHER INFORMATION ****** thethe FCRA FCRA requiremen requirement tthat that a a CRA CRA must must 04 07/03 BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, disclose to consumers who has DISMSD CH-7 disclose to consumers who has 05 01/06 COLL 03/05 111YC00000 FOR procuredprocured a a copy copy of of their their report. report. AMT: $532 BAL: $300 PAYMENT DLA: 11/04, I, 654321 MEDICAL 06 05/03 ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, VER 01/06, SATISFIED, 08/03 ***********************************************************************

*INQS-SUBJECT SHOWS 3 INQUIRIES SINCE 10/05 MCCARTERS 111DC000 12/05/05 STAR GEMS 111JA000 08/11/05 SKYBANK 111BB0000 11/18/05 FK 111FM0000 PRGCOLL 06/15/05 RETAILERS 111DC000 10/22/05

Equifax Confidential and Proprietary Information 37 SAMPLE REPORT: ACROFILE

InquiriesInquiries DisplayDisplay fields: fields: ****** PUBLIC RECORDS OR OTHER INFORMATION ****** • Customer name (McCarters) 04 07/03 BKRPT 111VF000, 12345678-DSP-09/03, INDIVD, PERSONAL, • Customer name (McCarters) DISMSD CH-7 ••CustomerCustomer number number (111DC000) (111DC000) 05 01/06 COLL 03/05 111YC00000 FOR ••DateDate report report received received (12/05/05) (12/05/05) AMT: $532 BAL: $300 PAYMENT DLA: 11/04, I, 654321 MEDICAL 06 05/03 ST JD, 111VF000, $500, DEF-SUBJECT, 12345, ANY BANK USA, AnAn “ “FK”FK” inquiry inquiry indicates indicates a a customer customer VER 01/06, SATISFIED, 08/03 orderedordered a a FINDERS FINDERS repo reportrt to to assist assist them them *********************************************************************** inin locating locating a a “ “skipped”skipped” consumer. consumer.

*INQS-SUBJECT SHOWS 3 INQUIRIES SINCE 10/05 MCCARTERS 111DC000 12/05/05 STAR GEMS 111JA000 08/11/05 AA standard standard inquiry inquiry may may have have an an impact impact on on SKYBANK 111BB0000 11/18/05 FK 111FM0000 PRGCOLL 06/15/05 credit scores. A FINDERS inquiry does RETAILERS 111DC000 10/22/05 credit scores. A FINDERS inquiry does notnot affect affect credit credit scores. scores.

BothBoth types types of of inquiriesinquiri inquirieses remain remain on on file file for for 2424 months. months.

Equifax Confidential and Proprietary Information 38 Current Status of Account Codes

CURRENT MANNER OF PAYMENT RO IR = Revolving Too new to rate; approved but not used 0 0 0 O = Open Paid As Agreed; Satisfactory; Current 1 1 1 I = Installment Pays 31-60 Days; Not More Than 2 Payments Past Due 222 Pays 61-90 Days; Not More Than 3 Payments Past Due 333 Pays 91-120 Days; Not More Than 4 Payments Past 444 Pays Over 120 Days; 5 or More Payments Past Due 555 Making Regular Payments Or Paid Under Wage Earner 777 Plan Or Similar Arrangements Repossession 8 8 8 Charged Off To Bad Debt 9 9 9

Equifax Confidential and Proprietary Information 39 ECOA Indicator Descriptions

ECOA Chart Code Meaning Individual Account. The subject of the report, and no one else, is responsible for payment on this account. I

Joint Account. The subject and another person (or other persons) are jointly responsible for payment on this J account. Authorized Use. This is a shared account, but one person has responsibility for payment, while the other A person (or other persons) does not. Undesignated. This code is an indication that the credit grantor does not have enough information to give the U account a more specific designator code. Shared, but otherwise undesignated. This code is an indication that the credit grantor knows that the subject S and at least one other person share the account, but not enough information is available to designate the either "J" (Joint) or "A" (Authorized Use). Co-maker. The subject has co-signed for an installment loan, and will be responsible for payment if the C borrower should default. Maker. The subject is responsible for payment of an installment loan, but a co-maker is involved as assurance M that the loan will be repaid. On Behalf of Another Person. The subject has financial responsibility for an account which is used exclusively B by another person, as when a father opens a charge account for his daughter's use at college.

Terminated. The subject's relationship to this account has ended, although other parties who once shared the T account with the subject may continue to maintain the account. This code is used often after a divorce, when party continues to maintain an account, while the other party is disassociated from it.

Equifax Confidential and Proprietary Information 40 How long does data stay on file?

• Tradelines with favorable data are retained 10 years from the DLA, if tradeline indicates a delinquency, it will be retained 7 years from the DLA. • Collection items paid or unpaid are retained 7 years from the DLA with the original credit grantor. • Bankruptcies -Chapter 7 or 11 will be retained 10 years from the original date filed if open, discharged or dismissed. Chapter 12 or 13 discharged items are retained 7 years from the original date filed. Open or dismissed will be retained 10 years from the original date filed. • Judgments are retained 7years from the date filed.

Equifax Confidential and Proprietary Information 41 How long does data stay on file? - continued

• Unpaid tax liens report indefinitely from the date filed. Paid tax liens are reported 7years from the paid/released date. • Exceptions apply in CA and NY as follows: • CA-Paid liens are retained the earlier of 7 years from paid/released date or 10 years from the original filing date. Unpaid liens are retained 10 years from the original filing date. • NY-Satisfied judgments are retained 5Y from date filed. • NY-Paid and unpaid collection items are retained 5Y from the DLA with the original creditor. • NY-Tradelines with a current status of 9 and balance not stated or zero will be retained 5Y from the DLA.

Equifax Confidential and Proprietary Information 42 Questions?Questions?

Equifax Confidential and Proprietary Information 43