Your credit report contains personal information about where you work and live and whether you pay your bills on time or not. Data is typically submitted to a credit reporting agency by your creditors, by the court system or from other public records, and by debt collection agencies. It’s important that the information in your report is complete and accurate.
Here’s what you will find in a credit report
Personal Information on Your Credit Report These items are not used to evaluate your credit history. They are gathered from information you give to your creditors. This includes items such as:
- Your full name or any other aliases you have.
- Current and previous addresses.
- Date of birth.
- Social Security number.
- Your employment history.
- Driver’s license number and State where issue.
- Your marital status.
Trade Lines
The data comes from your creditors.
- Your credit accounts and the dates of when it was opened.
- Types of accounts (bankcards, auto loan, mortgage, etc)
- Your account balances and credit limit or loan amount.
- Payment history for each account, including late payments
Credit Inquiries
Whenever a potential lender looks at your credit file, an inquiry appears on your report. Having too many inquiries in a short period of time is viewed negatively. It may make you seem like you’re desperate for credit. These requests for your credit report are noted as part of your credit history file and remain for up to two years.
Your Credit Score
Your credit score is a number that’s generated by analyzing your entire credit profile. Scores range from 340 to 850. The higher your score, the less risk a lender assumes you will be.
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