What's In Your Credit Report?
What's In Your Credit Report?
Credit reports are compiled by credit bureaus--private,
for-profit companies that gather information about your credit
history and sell it to banks, mortgage lenders, credit unions,
credit card companies, department stores, insurance companies,
landlords and some employers.
Credit bureaus get most of their data from creditors and
collection agencies. They also search court records for
lawsuits, judgments and bankruptcy filings. And they go through
county records to find recorded liens (legal claims) against
property. Non-credit data made part of a credit report usually
includes names you previously used, past and present addresses,
Social Security number, employment history, and current and
previous spouses' names. Your credit history includes the names
of your creditors, type and number of each account, when each
account was opened, your payment history, your credit limit or
the original amount of a loan, and your current balance. The
report will show if an account has been turned over to a
collection agency or is in dispute. The report also lists
creditors that have requested information about you in the past
year or two.
How can I get a copy of my credit report? For free information
on where and how to obtain your free annual credit report Visit:
CreditLady.com http://www.creditlady.com
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