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It Is My First Time To Request For a Credit Report, How Would It Look Like?

By Derek Brown
Published: Saturday, October 8th, 2011

There are times when errors are found on the credit report and it is too late for us to know that the range of damage is already very wide. There are some entries or transactions that we are not familiar with and once the reporting company is able to prove its legitimacy then there is no more way for you to dispute and; so you have to pay for it. Having your credit monitored is your best guard against credit card or identity thieves.

For people who would be their first time to request or see a credit report, it might be a big question how it will really look like. For you to know whether you have a legitimate credit report or no, here are some of the information which will appear on your credit report.

The account holder’s personal information of course are the basic information seen in a credit report. All the personal information in your credit card comes from all the files compiled each time you apply for a credit card. Information includes the account holder’s name, birth date, address, contact numbers, social security numbers and employment.

All the information about all your accounts is also found in your credit report. All the accounts you have, all the authorized accounts under your name, the date it was opened, a record of your payment, the payment terms and your credit limit. Even information which is red flag to your account such as delinquencies and late payments are also indicated. Since such negative marks stays on the report for seven years then it is important that it is monitored. Unmonitored credit reports may lead to more errors and may blur your reputation and credit history. Public Record Information

Each and every inquiry that you make is reflected on the report. If you make a lot of hard hits or hard inquiries especially in a short period of time then it cold be a red flag to lender and bureaus. Such inquiries remain in the records for two years and could cause some damages on your record. What’s called the soft inquiry is also reflected in the reports but unlike hard inquiries which are not good for the record, soft inquiry does not affect your score or credit but just for records purposes, they are entered on the records.

Any error in the report may cause damage and its range depends on what kind of error it is and how long it had been in your report.

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