Information Included In Credit Report

PERSONAL INFORMATION

Your name, current and previous addresses, phone number, social security number, marital status, date of birth, current and previous employers. This information comes from your credit applications, so its accuracy depends on your filling out the forms clearly, completely and consistently each time you apply for credit.

Information about each account such as the date opened, credit limit or loan amount, balance, monthly payment and payment pattern during the past several years.

Federal district bankruptcy records and state and county court records of tax liens and monetary judgments.


COURT RECORDS

Bankruptcies, judgments, divorces, liens, satisfied judgments or liens are all considered court records and show up on your credit report as negative listings.

COLLECTIONS

Collection accounts can appear as paid or unpaid accounts. Any account that shows as a collection account (whether paid or not) is considered very negative by credit grantors.

Any time a creditor turns a  bad check over to a collection agency, it shows up on your credit report and is considered to be a very negative listing. This shows up on your credit report as Collection Account, and can appear as a paid or unpaid account.

INQUIRIES

Each time you apply for credit and a potential credit grantor looks at your credit file, an "inquiry" appears on at least one of your credit bureau files. If credit grantors observe excessive credit inquiries on your credit report, it may sometimes result in your being turned down for a loan. Whenever a lender takes a look at your credit report, it will show up on at least one of the credit bureau reports.

Some companies make unauthorized inquiries to check your credit. Protect yourself from unauthorized inquiries by not giving out your personal information to a merchant (including addresses and drivers licenses) until you are ready to actually apply for credit.

Inquiries can also appear when an existing credit grantor reviews your credit periodically (to increase your credit line, etc.), or when you review your own credit report


MERCHANT TRADE LINES

These include all regular installment or Regular credit lines, department store cards, auto loans, mortgages and credit cards are all under the heading of Merchant Trade Lines. 

Credit grantors consider these listings negative if they:
1. Have a history of late payments
2. Have been included in a bankruptcy
3. Have been charged off
4. Put into repossession



NOTE: Not all credit accounts may be listed on your credit report since not every credit grantor reports to the same credit bureaus


What's Not Included

Your credit report does not contain - and the credit bureaus do not collect - data about race

  1. Salary history
  2.Religious preference
  3.Personal lifestyle
  4.Political preference
  5.Stocks and Bonds
  6.Medical history
  7.Friends
  8.Criminal record
  9.Any other information unrelated to credit.

How to read your credit report?

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