What is a Credit Report?
Credit reports are compiled by credit bureaus – private companies that gather information about your credit history and sell it to banks, mortgage lenders, credit unions, credit card companies, department stores, insurance companies, landlords and even a few employers. Credit bureaus get most of their data from creditors. They also search court records for lawsuits, judgments, bankruptcy filings, and recorded liens (legal claims). To create a credit file for a given person, a credit bureau searches its computer files until it finds entries that match the name, Social Security number and any other available identifying information. Credit reports include non-credit data such as names you previously went by, past and present addresses, Social Security number, employment history, marriages and divorces. Credit data includes the names of your creditors, type and number of each account, when each account was opened, your payment history for the previous 24-36 months, your credit limit or th
A credit report is a document that comprises your Credit History in a nutshell. It shows: Who your creditors are, how punctual you are with payments, who is looking at your credit, the balances on your accounts, etc. There are three (3) major credit reporting agencies and each one of them receives information from your past lenders, current lenders and potential lenders. They do not handle the same information; therefore you might have items that are being reported to one agency and not to the others.
A credit report is a file that contains information on how you pay your bills, where you live and work, and any information that is on public record, i.e., bankruptcy, judgments, tax liens and lawsuits. Your permission is required in order for a lender to order a copy of your credit report-they will request your name, address and social security number.
myAcc.addGroup(‘accordionGroup_12’); A credit report, or credit history, is a record of the money you have borrowed and repaid, as well as relevant public records (such as bankruptcies) and inquiries made to your credit history. This information is contributed by participating creditors. Your credit report is often used by creditors to determine your eligibility for credit.
