It is a written report (stored in computers comprised of the following information about your personal credit worthiness and debt repayment history.
Identification by name, address, spouse’s name, date of birth, Social Security number, telephone number, place of employment, mother’s maiden name, etc.
Credit inquiries – every time a subscriber (credit provider) runs a credit report on a consumer, a record of the file inquiry is made. It will remain on the file in most states for one or two years. This is of interest to creditors because it reveals recent credit activity.
Information in public records and collection accounts are also collected by (or reported) to these agencies. Public records include courthouse records, bankruptcies, judgments, law suits, criminal records, etc.
Credit history – which includes the name and ID number of each subscriber who makes a report and your credit/debt repayment history. Also included is the date an account was opened, credit limits, current balance, monthly payment amount and payment frequency for the last 12-24 months. Records are dated with each request of entry. Other information...
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