Your credit report contains personal information, credit account history, credit inquiries and public records . This information is reported by your lenders and creditors to the credit bureaus. ... These four categories are: identifying information, credit accounts, credit inquiries and public records.
What information is not included in your credit report?
Your credit report does not include your marital status , medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education. It also doesn’t include your credit score.
What can be included in your credit report quizlet?
What are the four categories of a credit report? Your name, current and previous addresses, telephone number, full or partial Social Security number, date of birth and current and previous employment information . What does consumer (personal) information include? The maximum dollar amount that can be borrowed.
Which item is not provided on a credit report quizlet?
Not included are savings and checking accounts (typically not reported to a credit bureau).
Does a credit report show bank accounts?
Your bank account information doesn’t show up on your credit report , nor does it impact your credit score. Yet lenders use information about your checking, savings and assets to determine whether you have the capacity to take on more debt.
What are the three most common credit report errors?
- Wrong Address: 56%
- Misspelled Name: 33%
- Wrong Name: 17%
What are five examples of information not in a credit report?
Race, religion, national origin, sex, and marital status
Not only is this information not included in your FICO score, but U.S. law makes it illegal for lenders to take these factors into account when making lending decisions.
How long does information stay on a credit report?
Generally speaking, negative information such as late or missed payments, accounts that have been sent to collection agencies, accounts not being paid as agreed, or bankruptcies stays on credit reports for approximately seven years .
What are five items that are not in your score?
What’s not in my FICO ® Scores
However, they do not consider: Your race, color, religion, national origin, sex and marital status . US law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit Protection Act.
What are 5 examples of people or organizations who can request to see your credit report?
- Creditors and potential creditors (including credit card issuers and car loan lenders). ...
- Mortgage lenders. ...
- Landlords. ...
- Utility companies. ...
- Student loan lenders. ...
- Insurance companies. ...
- Car insurance companies. ...
- Employers.
What type of public record information may be in a credit report?
The three major consumer credit bureaus recently adopted stronger public record data standards for consumer credit reports, requiring tax liens and civil judgments to include your name, address and either Social Security number or date of birth.
Where does most of the information in your credit report come from?
There are three credit reporting agencies, or credit bureaus , in the United States: Experian, Equifax, and Transunion. Each of these credit reporting agencies compiles your credit information from various reporting sources, such as lenders, into a credit report.
Can lenders see your bank account?
Lenders look at bank statements before they issue you a loan because the statements summarize and verify your income. ... Lenders also take a look at your statements because it helps them avoid fraud and lessens their risk. Most lenders ask to see at least two months’ worth of statements before they issue you a loan.
How do I know if someone opened a bank account in my name?
The best way to find out if someone has opened an account in your name is pulling your own credit reports to check . Note that you’ll need to pull your credit reports from all three bureaus — Experian, Equifax and TransUnion — to check for fraud since each report may have different information and reporting.
How do I find accounts in my name?
- Begin by checking your credit report. Your credit report will list active accounts that are associated with you. ...
- Look online for unclaimed money. ...
- Talk to your parents and other family members.
What are the two most common mistakes on credit reports *?
- Incorrect Account Information. The first most common mistake found on credit reports is incorrect account information. ...
- Inaccurate Personal Information. The second most common credit reporting mistake is inaccurate personal identifying information. ...
- Fraudulent Accounts.
