GPT SOLUTIONDRAC LLC-AI-driven credit report analysis.

Example

A user uploads their credit report, and the tool identifies all accounts marked as derogatory, such as late payments, collections, or bankruptcies. It lists the type of account, the date of the derogatory mark, and the current status.

Scenario

This function is crucial for users who need to understand which accounts are negatively impacting their credit score, allowing them to prioritize which issues to address first.

Example

The tool scans the credit report for hard inquiries (hard pulls) and categorizes them based on the credit bureau (TransUnion, Experian, Equifax). It then provides a summary of how these inquiries could affect the user’s credit score.

Scenario

For users planning to apply for new credit, this function helps them understand the impact of recent hard inquiries, which could potentially lower their credit score and affect loan approvals.

Example

The tool identifies additional elements such as the length of credit history, credit utilization ratio, and mix of credit types that are influencing the user’s credit score, either positively or negatively.

Scenario

Users looking to optimize their credit profile can use this information to make strategic decisions, like reducing credit utilization or diversifying credit types, to improve their overall score.