What’s in my credit report?
Although each credit reporting agency formats and reports this information
differently, all credit reports contain basically the same categories of
information. Your social security number, date of birth and employment
information are used to identify you. These factors are not used in credit scoring.
Updates to this information come from information you supply to lenders.
- Identifying Information.
Your name, address, Social
Security number, date of birth and employment information are used to
identify you. These factors are not used in credit scoring. Updates to this
information come from information you supply to lenders.
- Trade Lines.
These are your credit accounts. Lenders report on
each account you have established with them. They report the type of account
(bankcard, auto loan, mortgage, etc), the date you opened the account, your
credit limit or loan amount, the account balance and your payment
- Credit Inquiries.
When you apply for a loan, you authorize your lender
to ask for a copy of your credit report. This is how inquiries appear on your
credit report. The inquiries section contains a list of everyone who accessed
your credit report within the last two years. The report you see lists both
"voluntary" inquiries, spurred by your own requests for credit, and
"involuntary" inquires, such as when lenders order your report so as to make
you a pre-approved credit offer in the mail.
- Public Record and Collection Items.
Credit reporting agencies
also collect public record information from state and county courts, and
information on overdue debt from collection agencies. Public record
information includes bankruptcies, foreclosures, suits, wage attachments,
liens and judgments.
The Score That Matters®
The FICO Score is the standard credit score in the US, used in more than 90% of lending decisions.