It Includes Credit Report Information About Each Account He Has

Category: Finance, Credit.

There are several local and regional credit bureaus that gather credit report information about your credit habits directly from all of your creditors.

If the person s application is approved by the company, then the company gives information of the person to the credit reporting agency. When a person applies for a credit card and provides his personal information such as name, telephone number to, address the card company, the company contacts a credit reporting agency to review the credit report information of the person. The credit reporting agency also refers to other public records of the person to check the validity of the credit report information. Items that that are included in a person s credit report information include: Personal identifying information- All personal details of the person, birth date, such as name, address, social security number, telephone number, current and previous employers information, spouse name and other family details are standard credit report information. All the transactions made by the person in connection to the credit, is reported to the credit reporting agency and these are recorded and form part of their credit report information. Credit history- This credit report information is regarding the person s bill- paying history with banks, finance companies and, retail stores others who have granted credit. Including when it was opened, what type of account it is, how much credit it includes( or the amount of the loan) , monthly payment records etc.

It includes credit report information about each account he has. If the account is closed or the loan has been paid off, then that is detailed in the credit report information. Public records- This provides credit report information about the person s worthiness. If there were any late payments and misuse of funds, then this also appears in the credit report information. Records such as tax payments, court records etc are all included in the credit report information. It also includes the list of other companies who are authorized to view the credit report information.

Report enquiries- This section of the credit report details all of the credit granters who have received the person s credit report information. Dispute statements- this section of the credit report information includes any statements that has been made disputing the information on the report. The information that does not appear in the credit report includes bank account balances, religion, race, health, income, criminal records, driving records.