What Does Your Credit Report Include? by joymali


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									                           What Does Your Credit Report Include?

Credit reports contain a full history of your debts and have become mandatory when you seek
loans, credit cards or even when you want a job. Yes! This report has become one of the
significant financial responsibilities.

What does a credit report consist of?

A credit report has detailed information about your credit history: loans and debts along with
personal information. It is the basis of your credit score, which should ideally be good, denoting
good financial management.

The credit report contains:

      Personal identity

Your full name, Social Security number, date of birth and employment information, address and
license number is the information that is present on your credit report. This information is
changed or updated with any alteration provided by the lender you must have approached.

      Collections and public record items

Apart from personal information, your credit check will also make you aware that it contains
information about your debts and collections. Your credit related things will be available with
public records and collection accounts as well. For instance, any bill you owed that went into
collection for a year will be reflected in your credit report and will ruin your credit rating.

      History concerning credit

An annual credit report integrates one’s credit history and current obligations. The creditor
should report current obligations to the reporting agencies to avoid discrepancies in the credit
score. In this section of the report, you will find dates of opened accounts, types of accounts,
account balances and credit limit, history about each account along with late payments, unpaid
child support and overdrawn checking accounts.

      Credit inquiries

All inquiries from the last two years will be reflected in your credit report. It details your loan
application date and whether you are granted the loan or not. All these inquiries will be there on
your credit report.

Credit scores are based on the report, so you should maintain a reliable financial profile with
good scores. Everyone in the US can have his or her annual credit report for free from the three
reporting agencies including Equifax, Transunion and Experian.

To have your credit report free of any discrepancy, theft or bad rating, you should regularly keep
an eye on your credit report. Check your credit report and credit score more often than once a
year by enrolling with a credit monitoring service that will keep you up to date with your credit
score changes.
You can get your credit report and a free credit score at http://www.creditreport.com/ with
unlimited access to your report and score for 30 days, the credit monitoring service, credit alerts
and much more support on your credit reporting from the three credit bureaus.

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