Standards for Individual Credit References Obtained Directly from a Creditor

Individual credit references (other than rental/housing payments) from a creditor must include the following:

• the creditor’s name,

• the name of the individual providing the reference,

• the date the account was opened,

• the amount of highest credit,

• the current status of the account,

• the required payment amount,

• the unpaid balance, and

• the payment history.

The historical status of each account must be stated in a “number of times past due” format using “0 X 30, 0 X 60, 0 X 90” days late.

Note: Vague statements such as “current,” “satisfactory,” or “pays as agreed” are not acceptable by themselves.