A credit report is a detailed and current report of your credit history and activity. Your credit report is one of the most important pieces of information you have in protecting your name and assets and in helping you acquire credit for a credit card, car or home loan. Typically, when you apply for credit, a creditor will refer to your credit report.
Personal Information
Your name, Social Security number, address history, employment history and driver's license are on your credit report.
Credit History
Your credit report includes any and all of your accounts (including past due and closed), credit cards, unpaid child support, mortgages and loans.
Credit Inquiries
Your credit report contains information on any credit inquiries within the past 12 months.
Disputes
Your credit report will also contain any delinquent accounts as well as information on how to dispute any information.
Credit Score
A credit score, or FICO, though not included on your credit report, is another key piece of information that lenders use to determine credit. A credit score may range from 340 to 850, with anything over 680 considered to be good.
Considerations
It's a good idea to maintain access to your credit report. While the Fair Credit Reporting Act (FCRA) requires each of the three credit companies (Equifax, Experian and TransUnion) to provide you with one free report per year, it may be worth it to pay for constant access (about $14 per month).
0 comments:
Post a Comment