Friday, July 19, 2013

Contents Of Your Credit Report

When it comes to credit reports, some people are not really inclined to even review them on their own. This is quite important since this report will be referred to by a lot of different entities. This is going to say a lot about you too. To start off, here are the contents of your credit report:
Your Basic Details
This will of course contain your name as well as your social security number. This will also include your birth date. This is just enough to actually identify that the record you are holding is yours. Any corrections that have to be made on your records should be made with the reporting agency. It would help if you can check with the other reporting agencies to see if they have the same mistakes as the first one in case there’s any.
Background check - credit report

Check more about background checking source for DMV:
These are the current and closed accounts that have been tagged under your socials. These are all the ones that you have taken into for the last 7 years. Even if the accounts have been closed due to non payment or if you have just closed it without any hitches you will still see this on your record. This is also the essence of the whole report. The items that are found under your accounts will determine how good or bad your credit score is going to be. Here are also the details that can be found on each account item:
  • Account number(s)
  • Date of last activity
  • Amount owed (if there’s any)
  • Payment history
Employment History
This record may differ and not necessarily be present on each report. This is quite useful for some potential employers who would want to get a good idea of your previous employment.
This is going to include both your previous and current residences.
These are the inquiries made for your credit report by other companies. This is usually made by financial institutions when you are applying for a loan. You might want to know that these inquiries are not very good for your credit score. The more inquiries that is made on your account the lower your credit score can get.

You should be able to get a free credit report every year. This way you can get an idea of where you stand. On the other hand if you want the complete record, you can go ahead and request for the other 2 but it is going to cost you.

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