Credit
Report
A
credit
report is a report from a credit bureau containing detailed information
about your credit
history.
The
credit report is the determining factor all lenders
and creditors
use when deciding your credit worthiness and ability to repay
your debt.
A
credit report includes the following information:
Personal
Information
The
personal
information is used to identify the individual by their current address,
passed address, and social
security number. The personal information is used to distinguish the
borrower from everybody else.
Public
Records
Public
records includes liens,
foreclosures,
bankruptcies,
lawsuits
and judgements.
Collection
Agencies
A
collection
of past due debts that have been given to credit
agencies to collect.
Creditor
Information
This
will include the identity of the creditor, the date the relationship began,
the current status of each account including the outstanding balance,
the maximum line amount if any, and the current status of passed delinquencies.
Inquiries
This
identifies companies which have requested a consumers file within the
last two years.
There
are three major companies of credit reporting. Equifax,
Experian,
and Transunion.
The information provided by these three companies is not exactly the same
because not all creditors report to the same three.
Credit
Score
Equal
Credit Act
Debt
Consolidation
Buying
House with bad credit
Refinancing
house with bad credit
Don't
Let Bad Credit Stop You
Credit
Problems, What You Can Do
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