A credit profile is complete listing of all your credit information. Your credit profile starts when you first apply for credit. When a creditor approves you for credit, it updates the credit reporting agencies regarding your credit account.
Significance
Your credit profile will include all of the creditors that you have credit with. There will be a record of how you pay them, as well as the balances and credit rating.
Identification
Your credit profile will have information that identifies you, such as your name, Social Security number, date of birth, address and your employment.
Public Record
Public record items are found on your credit profile as well. Any tax liens or judgments will appear at the bottom of your credit report.
Credit Inquiries
Inquiries will appear when someone takes a look at your credit file. An inquiry can remain on a credit profile for about two years.
Types
There are soft inquiries and hard inquiries. Soft inquiries appear when someone, such as a potential employer, pulls your credit report for purposes other than extending you credit. Hard inquiries appear when you apply for credit with various lenders.
Considerations
Your credit profile can change from day to day and month to month. When creditors update your credit report, with new account information and history, your profile changes.
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