• Each credit reporting agency formats and reports their information differently, but all credit reports contain basically the same categories of information. Your social security number, date of birth and employment information are used only to identify you, they are not used in credit scoring. Updates to this information come from information you supply to lenders.

    • Identifying Information.
      Your name, address, Social Security number, date of birth and employment information. 
    • Trade Lines.
      These are your credit accounts. Lenders report on each account you have established with them. They report the type of account (mortgage, credit cards, auto loan, etc), the date you opened the account, your credit limit or loan amount, the account balance and your payment history.
    • Credit Inquiries.
      When you apply for a loan, you authorize the lender to ask for a copy of your credit report. This is how inquiries appear on your report. The inquiries section contains a list of everyone who accessed your credit report within the last two years. The report you see lists both "voluntary" inquiries, spurred by your own requests for credit, and "involuntary" inquires, such as when lenders order your report so as to make you a pre-approved credit offer in the mail.
    • Public Record and Collections.
      Credit reporting agencies also collect public record information from state and county courts, and information on overdue debt from collection agencies. Public record information includes bankruptcies, foreclosures, suits, wage attachments, liens and judgments.
  • Credit score repair begins with your credit report. Your credit report contains the data used to calculate your credit score and it may contain errors. Check to make sure that there are no late payments incorrectly listed for any of your accounts and that the amounts owed for each of your open accounts is correct. 

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