Credit Report Questions and Answers

Questions and answers on credit reports

This is a written report (stored on the computer with the following information about your personal credit history and your payment history).

• identification based on name, address, spouse's name, date of birth, social security number, telephone number, place of work, mother's maiden name, etc.

• Loan requests - Every time a customer (lender) runs a credit report for the user, a request record is created. It is stored for one or two years in most countries. This is attractive to creditors because it highlights the latest credit activities.

• Information in public registers and debt collection invoices is also collected (or reported) by these institutions. Public documents include court records, bankruptcy, court decisions, litigation, lawsuits, and so on.

• Credit History - including the name and ID of each participant who reports, and a history of loan / debt repayment. Account opening dates, credit limits, current account balance, monthly payments and payment rates for the past 12 to 24 months are also included. Entries are dated at each prompt. Other information may include consumer disputes, criminal penalties, individual liability or account total liability, certain account makers or guarantor, secure accounts and compensation (if the creditor reports unpaid balance as a loss).

• Consumer statements - Statements that cannot exceed 100 words in the case of the account you want to explain are more complete and complete, which is often very useful for credit decisions.

When was the credit file created?

Usually, when you apply for a loan or credit card, or when the borrower submits a report about the debt payment service.

Who can check my credit report legally?

Customers to credit bureaus, which consist of banks, other creditors, credit providers, life insurance companies, job seekers, leasing companies, security checks, etc., and in many cases require user permission. This permission is a standard procedure when signing an application in one of the transactions above. Read the small print application for more details.

How often do I have to check my credit report?

If you actively use credit balances with one or more credit cards for a monthly or two-month fee, you will have loan installments, vehicle rentals, and more. Check your credit file every nine to twelve months, if not every 15 months is enough.

What if I need help?

Avoid all types of companies or credit repair services. Do it yourself Easy and cheap.

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