Ads
What is a Credit Report?
Of the three main credit reporting agencies in the US, Equifax keeps records of your credit history. The information is collected on a continuous basis from all the sources you have availed credit from.
This information is available in the form of a credit report which are purchased by potential lenders, employers and landlords to determine whether they find you suitable as a candidate.
The credit report carries all your personal details that you’ve mentioned in your credit applications including name, addresses, social security number, date of birth and employers.
The majority of the information on your credit report is mainly on details of credit accounts that you have opened in the past. The date of the account being opened, credit limit, loan amount, payment terms, balance and history of payments are all included.
The report also records the number of times your credit report has been sought whether by a lender, service provider, landlord or employer, which remain for upto two years.
Public records from government sources including liens, bankruptcies and overdue child support may also be on the credit report for a period of 7 years. Credit card info.com reports:
Equifax is one of the leading credit reporting agencies in the United States -- there are two others. Each maintains information about you and your credit history. This information is gathered on an ongoing basis from many sources that have extended you credit.
--
Did you enjoy this post?
Comments
Post a comment
« Control credit card use | Main | Checking Your Credit Report »
Syndicate
Comments