Mon, March 17, 2025
Sun, March 16, 2025
[ Sun, Mar 16th ] - techUK
techUK Scale-Up Action Plan
Sat, March 15, 2025
Fri, March 14, 2025
[ Fri, Mar 14th ] - TheStreet
Tax trends and myths
Thu, March 13, 2025
Wed, March 12, 2025
Tue, March 11, 2025
Mon, March 10, 2025

What Is a Credit Report and How Do You Read It?


//business-finance.news-articles.net/content/202 .. t-is-a-credit-report-and-how-do-you-read-it.html
Published in Business and Finance on by GOBankingRates   Print publication without navigation

What is a credit report? It's a detailed summary of your credit history, debts and payment habits. Find out how it impacts your finances.

A credit report is a detailed record of an individual's credit history, compiled by credit bureaus like Equifax, Experian, and TransUnion, which lenders use to evaluate creditworthiness. It includes personal information, credit accounts, payment history, inquiries, and public records like bankruptcies. Here's how to read it: Personal Information lists your identity details; Credit Accounts or Trade Lines detail your current and past credit accounts, showing account types, balances, credit limits, and payment history; Payment History indicates whether payments were made on time; Inquiries show who has accessed your credit report, divided into hard (affecting your score) and soft inquiries; Public Records include any legal financial issues. Understanding these sections helps in managing and improving your credit score by ensuring accuracy and addressing any negative items.

Read the Full GOBankingRates Article at:
[ https://www.msn.com/en-us/money/personalfinance/what-is-a-credit-report-and-how-do-you-read-it/ar-AA1AR3mN ]

Publication Contributing Sources