Reading and Understanding of Credit Report

Reading and understanding of credit report is also an important part. If you are not able to read or understand what your credit report reflects, then you will be unable to detect any frauds or errors made in your credit report. More importantly, studies reveal that around 50 to 70% errors are found in the credit reports.

Annual credit free report, therefore, has listed below the following instructions that will help you in reading your annual credit report well.

Reading and understanding
A credit report generally has 4 types of information, based on which it awards credit scores or credit ratings. These 4 type of information are:

1. Identifying information
This include your full name, current address as well previous address, your date of birth, driver's license number, telephone number, your social security number, current and past employers, and in some cases, information about your spouse. All this information is just for your identification. Please see to it that all the details are mentioned accurately in the report.

2. Credit history information
It includes all the detailed information about your account with banks, retailers, credit-card issuers, and other lenders. Each of the account includes creditors name and account number, details of when you opened the account, what kind of credit do you hold, how well have you settled your credits, every details about your credit payments.
You have to see all this details very carefully, and note if any of the payments or any other information is missing in the reports.

3. Public record information
This section includes records on bankruptcy, tax liens, monetary judgments, arrests, criminal activities, etc. due to this reason most of the people like to see this section of the report blank.

4. Inquiries
This section includes the names of all those who have received a copy of your credit report.

After a detailed analysis of your credit report, if you find any mistake or any non-relevant item or any missing information, then you can fill the form that comes along with the credit report. You can also send us a mail about your queries and we will do the needful.

If you have applied for online credit report, then you can contact us in case of any query. The process, however, takes time since 30 days time is allotted to the creditors to respond to a discrepancy charge.

In addition to this, we also offer other services like free annual credit reports, identity theft and prevention, credit repair services, etc.