How_To_Read_A_Credit_Report by hashournonos

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									Title:
How To Read A Credit Report


Word Count:
318


Summary:
Navigating a credit report can be a bit confusing but it is important to understand how all of those numbers
affect you whether or not you are considered credit worthy. A credit report is broke into four basic sections
and each one is important to your credit score.


The first section contains your identifying information


This is just the basic information that identifies who you are. It can include a list of addresses where you
have lived, your name and any other names ...



Keywords:
credit report, credit score



Article Body:
Navigating a credit report can be a bit confusing but it is important to understand how all of those numbers
affect you whether or not you are considered credit worthy. A credit report is broke into four basic sections
and each one is important to your credit score.


The first section contains your identifying information


This is just the basic information that identifies who you are. It can include a list of addresses where you
have lived, your name and any other names you have gone by, your social security and driver’s license
numbers, spouse’s name, date of birth and telephone numbers that have been linked to your name.


The second section contains your credit history


This section will list all of the credit accounts that you have. It will tell how long you have had the account,
what kind of account it is, if it is a joint account, amount that the loan was for or the credit limit you have,
total amount that you owe, amount of monthly payments, Status of the account, and if you have been
making your payments on time. This section might also include notes that tell if you typically pay late or
have a debt that was never able to be collected.


The third section contains your public records
This section includes any bankruptcies, tax liens, or judgments against you. If it is in the public records, it
will show up in this section of your credit report.


The fourth section contains inquiries


Anytime someone requests your credit report, that information goes into this section. That means that every
time you fill out an application for credit, that credit request will be noted on your credit report. Not all
inquiries on your credit report were initiated by you. Soft inquiries are those requested from companies
looking to contact you unsolicited and offer you a pre-approved loan or credit card.




credit disputes letters

								
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