Credit Report Information
What's actually on your credit report
Credit report information is important because it shows how consistantly credit card debt, and other loans have been paid back. It also shows how much money is still owed. Generally a report will contain 4 types of information:
1) Indentification Information
This information comes from the credit report application, it contains
- Name
- Address
- Date of Birth
- Phone Number
- Social Security Number
- Current and Previous Employers
2) Credit Information
- Details about Credit Card(s)
- Details about other loans (ie car, furniture, etc)
- Date opened
- Credit Limit
- Loan amount
- Balance
- Monthly Payment
- Payment History
- Co-signer (if any)
- Late Payments
- Skipped Payments
- Repossessions
- Collection Agency Involvement
3) Public Record Information
- Bankruptcy Records
- Tax Liens
- Court Judgements
- Foreclosures
- Unpaid Taxes
4) Who has inquired about your credit
Gives the names on indviduals who have aquired a copy of your report. It also provides how frequently you have applied for credit within the last 2 years. Also it is likely that you will see names of companies that have looked over your credit report in order to send "pre-approved" offers. The names however will not be given to lenders requesting your credit report. Lenders will only see the actions started by you, such as applying for a new credit card.
A credit report does NOT contain any of the following information
- Race
- Religion
- Medical History
- Lifestyle
- Political Preference
- Criminal Record
- Any information unrelated to credit
It is important to know what kind of information is on your credit report. The credit report is the basis for a credit score, which gives a numerical value to items on the credit report. The information on your credit report ensures that you are judged for loans solely on your track record of loan payments and not other information unrelated to credit
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