How Do You Understand Credit Report Delinquencies?
Credit report delinquencies, or late payments, make up 35% of your credit score. To maintain a good credit rating, it’s vital that you pay your bills on time and check your credit report regularly for any discrepancies. The history of payment section of your credit report shows the number of past due accounts, how long they have been past due, and the status of each account, from accounts in good standing to those that were included in a bankruptcy. Locate the credit history section of your credit report. The credit history section is the second section in the report, after the information section. Find one of your accounts (the account name will usually be identified by the last few digits). The account may be identified with a code (R for revolving credit, like credit cards, I for installment loans, like car payments, and O for an open account (30, 60, or 90 day account). Locate the number (if any) next to your account. While an Experian credit report states the account status in eas
