How to Read Your Credit Report
Author: WilliamBlake Total views: 10 Word Count: 333
Managing your finances and being in control of your credit all begins with knowledge of your credit rating. To gain such knowledge you need to understand your credit report. A credit report at first glance can be confusing. At is full of account numbers, balances and scores that will mean nothing to you until you learn how to decipher the report.
Agencies Creating Credit Reports
The three agencies that report on your credit and have the most impact on your credit are Equifax, Experian and TransUnion. These are the three companies from which you want to request your credit report annually. You can get a free copy each year and each of these agencies is easily accessible on line.
What is Reported?
Creditors supply information to the credit reporting agencies. Since each agency receives information from different creditors, and the creditors have various manners of providing information, the information that their reports contain will vary.
The Main Parts of a Credit Report
The credit report contains your personal information, your credit background, credit requests and public records information. Your personal information includes your current and past addresses and telephone numbers, your driver's license number and of course your social security number.
Credit Background
Your background of credit will contain all information for accounts that presently have or have had in the past. This will include the name of the company extending credit and your account number with that company. There are always possibilities of errors so you want to review this section carefully. If you find an error you can contact the agency and have them make necessary corrections.
What Are Public Records?
This is the part that obtains any information about your criminal record. This will also include any arrests or bad judgments that have been made against you. This is a section that is better off blank for obvious reasons.
My Articles Directory Free Web Content Provider
About the Author
Would you like to find some extra money to help wipe out credit card debt starting today? Visit the Debt Reduction Academy website, where you can sign up to receive your free 5 day mini course "Operation Money-Find: How To Find Money To Start Paying Off Your Debt This Month". Go get your copy now at http://www.debtreductionacademy.com/minicourse.php
Copy and Paste Article Code.
Remember: The article body, title, author bio and links may not be changed or removed. By publishing this article, you agree to all the terms in our Terms of Service.