# Factiiv credit and Reputation scores

# Reputation score - max 100 points

**Documentation** - 2 items - **55%**
- EIN - 28 points
- Registration - 26 points

**Information** - 15 items - **40%**
- Full business name - 5 points
- Are you the owner - 1 point
- Owner's name - 1 point
- Business vertical - 1 point
- Business address - 5 points
- Business phone - 5 points
- Business website - 5 points
- Business email - 5 points
- EIN Number - 5 points
- Business registration state - 1 point
- Business size - 1 point
- Business started date - 1 point
- Have you checked business credit - 1 point
- Do you know how business credit works - 1 point
- Are you interested in funding options - 1 point
- Which are you interested in - 1 point

**Listings** - 2 items - 5%
- Google business - 3 points
- 411 phone listing - 2 points

# Factiiv score - max 1000 points

**Reputation score** - 19 items (from above) - **10%**

**Payment history** - max 100 points - **50%**
- The first 5 on-time payments are worth 20 points each.
- Once a user has made at least 5 on-time payments then the percentage of on-time payments becomes their baseline for the payment history portion of the score. If this is kept at 100% with no late payments, charge-offs, or collections then the user keeps a perfect payment history score.
- For every late payment a percentage of points is deducted based on which bucket of late days it's in (30 (1), 60 (2), 90 (3), charge off (5) collection(10))
- late payments - deduct points - under 6 months then full points deducted based on the amounts above
- on time payments - do not add points but having at least one with no late gets you 100 points

**late payments points deduction schedule**

| Bucket | Under 6 months | under 1 year | over 1 year | over 2 years |
| ------------ | -------------- | ------------ | ----------- | ------------ |
| 30 days late | 1 | .5 | .25 | 0 |
| 60 days late | 2 | 1.5 | 1 | 0 |
| 90 days late | 3 | 2.5 | 2 | 0 |
| charge-off | 5 | 4.5 | 4 | 1 |
| collections | 10 | 9.5 | 9 | 1 |

**Utilization** - 3 items - **25%**
- high credit limit on individual accounts - 10%
- a higher credit limit on individual accounts should increase this portion of the score by some factor.
- if the user has low credit limits on their individual trade lines then some deduction of points should occur.
- balance on individual accounts - 10%
- if all trades have a balance less than 30% of the high credit limit for the account, the user should get full points for this portion of the score.
- when each individual account balance goes above 30% of the high credit limit for the account it should reduce this portion of the score by some factor based on the high credit limit, amount owed, and percentage of total trade balances that the individual trade accounts for.
- trade mix - 5%
- if the user has a ratio of 10% buy/sell trade types to borrow trade types then full score is given for this portion.
- if a user has over 90% of their trade types as borrow (as the borrower) then for each

**New credit** - **15%**
- if user's average trade age is over 2 years then full score is given for this portion of the score.
- if the user's average trade age is less than 2 years then some amount of points should be deducted based on how far below 2 years their average age is.