:: How to read your credit report
find out how to read your credit report
The information in your credit report is much more consumer friendly nowadays. It is much easier for you to read as a consumer and know what is on your credit report.
Basically, a credit report is divided into four sections:
Here are some of the information you will find in the "identifying information" section of your credit report:
You will find your name, your address, your phone number, your driver's license number, your employer, your spouse's name, and any or information that would identify you.
Is a good idea to make sure that all the information int that section is correct. Make sure your name is not misspelled. Make sure the addresses right.
The next section of your credit report is the credit history section.
The credit history section is subdivided into individual sections each listing accounts you have with various creditors and the account number in that section you will find out when the account was opened in.
You'll also find what kind of credit that account is. For example it will tell you if it is a mortgage if it is a credit card a department store credit card or if it's a car loan.
In the credit history section you'll also find out if the account is in your name you'll also find out if it's if there's not a person that although wrote amount and how much you still own it.
Also in the credit history section you will find out what kind of payments you've made a and whether the account is still open or if it's inactive or if it's paid in full and you'll also find out you know how well if you've paid.
The next section is the public records section.
The public record information section of your credit report witnessed any information that is publicly available about the legal matter that affect your credit.
The public record information session of your credit report is the one part that you really want to be blank because the city is not blank you have a problem
the public record information section of your credit report is where you will find any bankruptcies that you've had or any judgments that I guess you.
and for each of those public records here are the following information that may appear what type of record is the status of the record that date that he was filed etc...
The next section of your credit report is the inquiry section.
Every single time you apply for credit card it will show up and inquiry section of your credit report because every time you apply for loan every time you apply for credit card every time you applied for department store credit card these people make a request for your credit report on a and a name will appear on your credit report.
please note that having an excessive number of inquiries on your credit report will affect your credit worthiness. when you apply for credit cards and you keep getting denied, guess what?, you are hurting your credit rating and your credit score so please try to avoid applying for credit left and right because you are really hurting yourself in the process
More Credit Report:
- How to read your credit report
- What's On My Credit Report?
- What is NOT on included on my credit report
- Who Can Look at Your Credit Report?
- Credit Report vs. Credit Score
- What can I not remove from my credit report?
- What is a Credit Report
- How to Get Your Free Credit Report
- 4 Out Of 5 Credit Reports Have Errors
- Credit History, What is it exactly?
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