What's in My Credit Report?

Your credit report incorporates a listing of every member creditor who have lent you money or provided you with credit in any way. It demoes your charge accounts, automobile loans, bank and student loans, home mortgage, and any other credit-related transaction. It demoes when the credit line was opened, the highest amount you ever borrowed, how much you owe now, and whether you've missed any payments or were late.

Your credit report also incorporates certain points known as "Public Records". Populace Records include any credit-related lawsuits that you may have got got been involved in as well as liens, repossessions, foreclosures, judgements and bankruptcies.

Credit bureaus also report the name calling of other member creditors who have made enquiries into your account. If a possible lender sees too many recent inquiries, they might not allow you credit if they experience that you are getting overextended.

There are, however, two types of enquiries that are portion of your record but are never seen by creditors. There are enquiries made by you, on your ain behalf, and enquiries made by companies that direct you all of those unsought credit card and loan offers that you get in the mail. So, while these offers may be bothersome to some, the good intelligence is that you are not being penalized by them.

How am I identified in my credit report?

Your credit report listings your name, current and former addresses, Sociable Security Number, Date of Birth, Spouses Name (if you are married) and your employer.

What other personal information make "they" cognize about me?

Nothing. By law, your credit report cannot incorporate information about your race, spiritual beliefs, political affiliations, sexual preferences, criminal records, or any other lifestyle issues.

How far back makes my credit report go?

Positive or "good" credit information stays on your report for as long as you have got an active credit human human relationship with the creditor and for up to seven old age after that relationship stops satisfactorily.

Negative, or "bad credit" stays for seven old age except for bankruptcies which stay for up to 10 years. The public record information that we mentioned earlier can remain for up to seven old age after you rectify the problem that caused the information to look in the first place.

An unpaid judgment, which is an amount of money that a tribunal have decided that you owe as the consequence of you're having lost some legal action against you, such as as not paying a measure which resulted in the creditor taking you to court, can stay on your report for up to 7 old age AFTER you pay the judgment, and will stay indefinitely if you make not pay it.

Creditor enquiries generally stay on your report for up to two years.

How make I get a transcript of my report and is it free?

As of September 1, 2005 consumers in all 50 U.S. States, Puerto Rico, and all U.S. districts are now eligible to have a free credit report from EACH of the three nationwide credit reporting agencies once per year.

Read more about the Carnival and Accurate Credit Transactions Act (FACTA) and the Carnival Credit Reporting Act (FCRA) here:

http://www.ftc.gov/opa/2004/06/freeannual.htm

To get your free annual credit report contact each of these agencies at:

Equifax:
(800) 685-1111
Equifax Credit Information Services
P.O. Box 74024
Atlanta, gallium 30374

Experian:
(800) 311-4769

The computer address depends on your situation. If you have got got been turned down for credit, insurance or employment, it's:
P.O. Box 9600
Allen, Texas 75013

If you are on welfare, unemployed but job-hunting, or believe you have been a victim of credit fraud, the computer address is:
P.O. Box 9532
Allen, Texas 75013

TransUnion:
(800) 888-4213
TransUnion LLC
Consumer Disclosure Center
P.O. Box 1000
Chester, dad 19022

You are entitled to a free credit report from any agency that provided information that resulted in your beingness denied credit, insurance or a occupation if you bespeak it within 60 years of the denial.

There is also a U.S. Federal Soldier law, which states that you can get 1 free credit report per year, directly from each of the three major credit reporting agencies, if you can attest that:

* you are unemployed and will be looking for a occupation within the adjacent 60 days.

* you are receiving any type of public assistance.

* you believe there are fraudulent entries in your credit report.

If you are lucky adequate to be a occupant of Colorado, Maryland, Massachusetts, New Jersey, or Green Mountain State then there are state laws that entitle you to have one free report from any one credit-reporting agency per year. If you dwell in Georgia then you may get two.

It's always good to cognize what is in your credit report and who have been inquiring about your credit. Get the free credit reports you are entitled to every twelvemonth and remain on top of your credit.