Credit Report Information
Credit Repair! Information About Credit Reports
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ABC's of Credit Reports

The more you know about credit reports, the more informed you will be as a consumer of credit repair services. Here we'll explain the basics of credit reports.

About Credit Reports

Ready for Credit Repair? can help you clean up your credit report, but what is a credit report? A credit report is a financial report card, of sorts. It lists all of your financial activity in addition to basic contact information about you. What is contained in your credit report directly determines your credit score. Your credit score is determined from a complex mathematical formula based on the items in your credit report. This is why signing up for Ready for Credit Repair? can potentially help your credit score-removing inaccurate derogatory items can boost your score. Credit reports are maintained by three independent credit bureaus: Experian, TransUnion, and Equifax. Here is a list of information typically contained in your credit report:

  1. Contact/personal information. Ready for Credit Repair? partners often find this section to be a common source of errors. This section contains information like your name, addresses (current and past addresses), telephone number, employment information (past and present), social security number, date of birth, and spouse information (if you're married).
  2. Account information. This is the section your Ready for Credit Repair? service will focus on the most, as errors in this section tend to be the most damaging. The accounts section of your credit report will list all of your credit card and loan accounts, including the type of account, the name of the creditor, your credit limit, the outstanding balance, your monthly payment history, and the age of the account. Make sure you review this section carefully so you can alert your Ready for Credit Repair? service of any errors you find.
  3. Judgments. You always want this section of your credit report to be blank. This section will list any legal judgments against you, such as bankruptcy, liens, etc. If your report contains any errors in this section, you want to be sure your Ready for Credit Repair? service disputes them immediately.
  4. Inquiries. The credit bureaus are required to keep track of any requests to view your credit report on this section. Your existing creditors might request to view your credit in reviewing your account with them. Prospective creditors can also view your credit report to determine if you qualify for certain pre-approval and other offers. Employers may also check your credit report with your consent. Many employers use credit reports as one measure of your responsibility and accountability.

If you still have questions about credit repair, get your answers on our FAQ page!