“HOW TO READ YOUR CREDIT REPORT”
” The bulk of the report will be filled with credit information showing the following:”
1). Identification Information The first thing listed will be your name, date of birth and Social Security number. These are used for identification. Employment information may also be listed. As well as current and past addresses, spouse’s name (if you’re married) and date of birth are also listed for further identification.
2). Public Record Information — Data from federal, state or county court records. Bankruptcies, liens or judgments and other types of claims. Info listed will be; Date filed, court case number, amount, status and date settled.
3). Collection Agency Information — A collection is an account that has been turned over to a collection agency by one of your creditors because you have not paid the account as agreed. Listed here are; Collector’s name, originating creditor/client, original amount, balance due and account number.
4). Credit Information — This section makes up the bulk of the report. It will include Mortgage, Installment, Revolving, Other, Open and Closed Accounts. It will also list Accounts in Good Standing, Accounts Currently Past due and Negative Account History. Merchant/Creditor name, Subscriber Number, account number, Date opened, Date closed, Current Balance, Highest credit limit, Highest amount of credit used, and your Repayment History. Your Repayment History is shown as a string of numbers showing your payment history.
5). Inquiries that display–All authorized and legitimate requests to see your credit history.
6). Inquiries that DO NOT display–These inquiries are displayed only to you and are not considered when tabulating your credit score. Examples of this inquiry type include a pre-approved offer of credit, insurance or periodic account reviews by an existing creditor.
7). Consumer Statements— If for some reason you cannot prove that a negative item is an error or if you are having a disagreement with a certain creditor, you have the right to tell your side of the story in 100 words or less. This statement will be ADDED to your report.