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What Information Does a Credit Report Contain?
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| What Information Does a Credit Report Contain? |
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| Updated |
Jun 10, 2004 21:52:08 |
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 189 ( 11 +5.82% ) |
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Description:
A consumer credit report contains four types of information: identifying information, credit information, public record information, and inquiries.
Identifying information includes:
Your name
Your current and previous addresses
Your Social Security number
Your year of birth
Your current and previous employers
If you're married, your spouse's name
Credit information includes credit accounts or loans you have with:
Banks
Retailers
Credit card issuers
Other lenders
Public record information includes any information that's contained in state and county court records, like:
Bankruptcies
Tax liens
Monetary judgments
Inquiries indicate to other credit grantors that you have applied for new credit that could result in additional debt. Potential lenders view multiple recent inquiries on your credit report as a sign that you are overextending yourself.
(A credit risk score may also be included when your report is provided to a credit grantor, although it is not included on consumer review reports. The ways to calculate and use a credit score vary widely, so a score has little meaning outside of the context of a particular lender's unique guidelines for use. Therefore, it is not included on consumer review reports.)
Does a Credit Report Contain Other, Unrelated Personal Information?
No. Your consumer credit report does not contain information about your race, religious preference, medical history, personal lifestyle, personal background, political preference or criminal record.
How long Does Information Stay on My Credit Report?
Positive credit information remains on your report indefinately, although information about an account will cycle off your report if no new information is reported about it for seven years. (Thus, a closed account will disappear from your report seven years after it is reported closed by the credit grantor.)
Most negative information remains for up to 7 years. Bankruptcies remain on your credt report up to 10 years. Other public record information can remain for up to 7 years.
Most inquiries stay on your credit report for up to two years.
CreditMatters Related Links
What Exactly Is a Credit Report?
What Information Does a Credit Report Contain?
What Is a Credit Score?
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