What makes up my credit report?

A credit report is basically divided into four sections: identifying information, credit history, public records, and inquiries.

Identifying information is just that– information to identify you. Other information might include your current and previous addresses, your date of birth, telephone numbers, driver’s license numbers, your employer and your spouse’s name.

The next section is your credit history. Sometimes, the individual accounts are called trade lines. Each account will include the name of the creditor and the account number. You may have more than one account from a creditor. Many creditors have more than one kind of account, or if you move, they transfer your account to a new location and assign a new number. The entry may also include:

  • When you opened the account
  • The kind of credit (installment, such as a mortgage or car loan, or revolving, such as a department store credit card)
  • Whether the account is in your name alone or with another person
  • Total amount of the loan, high credit limit or highest balance on the card
  • How much you still owe
  • Fixed monthly payments or minimum monthly amount
  • Status of the account (open, inactive, closed, paid, etc.)
  • Payment history

The next section is the public records section. If you have a public record on there, you’ve had a financial issue such as bankruptcies, judgments and tax liens. These issues impact your financial standing and have the most impact on your credit.

The final section is the inquiries. That is a list of everyone who asked to see your credit report. Any time anyone gets into the report, it will post an inquiry. If you call the credit bureau and ask for a copy, it will be on there. It is a very detailed entry record.

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