What does a credit report contain?
The report of rile may contain any of the following information about you: • Identifying information such as your name, current and previous addresses, social security number, telephone number, date of birth and current and previous employer. • Credit information including creditor name, account number and a record of the payment history. • Public record information such as tax liens, judgments, bankruptcies, etc. Inquires – Lists credit grantors and other authorized parties who have reviewed the credit report. It also lists companies that receive your name and address information for the purpose of offering you credit.
There are several items that appear on a credit report: personal information, such as your name, current and previous addresses and social security number; previous credit and loans from department store cards, auto loans, mortgages, and credit cards; court records, including bankruptcies; and credit inquiries, which lists when and where you apply for credit. The information that is listed in the credit report gives creditors the information needed to determine whether or not you would be a good credit risk. How to build credit history and establish credit If you have not yet established your first credit account or loan, this is where you should start in order to build credit history. By not establishing some type of credit, creditors do not have any information when determining whether or not to extend credit. So, if you have a steady income and you have lived in the same area for a year, you might want to try to apply for credit with a department store. Or, you may try borrowing a s
Although the style, format and coding may be different among companies and credit reporting bureaus, the typical person’s credit report can include the following types of information: Personal Information Your full name, nicknames, birth date, social security number, and current and previous addresses and employers. This information comes from any credit application you have completed. Public Record Information Any relevant court records, such as legal judgments, tax liens, bankruptcies, or, in some states, overdue child support. This information comes from public records. Bankruptcies can remain on your credit report for up to 10 years. Other public record information can remain for up to 7 years. Credit History A snapshot of your past actions. The credit report lists all loans and credit lines in your name from recent years. Credit reports vary from bureau to bureau, but generally they show the type of loan, the date you began the loan or opened the credit line, the amount of the loa
