How Do You Understand Credit Report Codes?
It’s good to get your credit reports regularly. You can check for errors and see areas where your credit rating could be improved, but you need to understand your credit report and the codes. There are three credit reporting bureaus: Experian, Equifax and TransUnion. The general format for each credit report is similar, but the credit codes and scoring methods are different. Understanding your credit report codes will enable you to monitor change each time you get a report. Get your credit reports and scores for all three credit reporting bureaus to understand your credit report codes. You can get your credit reports free once a year from AnnualCreditReport.com, but your free reports don’t show your credit score. Check through your report to get a basic understanding of the sections. The first few sections summarize your personal details, employment information and an overview of your credit history. Check the payment history section (usually section 9). This is where you need to under
