| Personal Information |
Contains details such as your full name, current and previous addresses, date of birth, Social Security number (or other identification number), and employment history. This section provides key identifying information to ensure that the credit report corresponds to the correct individual. It’s important to review this section for accuracy and report any discrepancies to the credit reporting agency. |
| Credit Summary |
Provides a summary of your credit accounts. It includes the number of open and closed accounts, types of accounts (e.g., credit cards, loans), credit limits, balances, and payment status. This section gives a snapshot of your overall credit profile and helps lenders assess your creditworthiness at a glance. |
| Account Information |
Lists all your credit accounts, including credit cards, loans, mortgages, and lines of credit. Each entry includes the creditor’s name, account number, type of account, date opened, credit limit or loan amount, payment history, and current status. This section provides a comprehensive view of your individual credit accounts and their respective details, enabling lenders to evaluate your payment history and account management. |
| Public Records |
Contains information from public records, such as bankruptcies, tax liens, and civil judgments. These records can have a significant negative impact on your credit score and remain on your report for a specific period, depending on the jurisdiction. Public records are included in this section to inform lenders about any legal or financial issues you may have encountered. |
| Credit Inquiries |
Shows a list of companies or individuals who have accessed your credit report. There are two types of inquiries: “hard inquiries” that occur when you apply for credit (e.g., credit card, loan), and “soft inquiries” that occur when companies check your credit for pre-approved offers or reviews (e.g., promotional offers). This section helps you track who has reviewed your credit history. |
| Collection Accounts |
Displays any accounts that have been sent to collections due to non-payment or default. It includes the name of the collection agency, the original creditor, the amount owed, and the status of the collection (active or resolved). This section highlights any delinquent accounts that have been handed over to third-party collection agencies. |
| Credit Utilization |
Indicates your credit utilization ratio, which is the percentage of available credit you’re using. This section summarizes your overall credit limits, balances, and utilization for credit cards and other revolving credit accounts. Maintaining a low credit utilization ratio (typically below 30%) is generally considered favorable and can positively impact your credit score. |
| Payment History |
Provides a detailed account of your payment history for each credit account. It includes the dates of payments, missed or late payments, and any delinquencies or defaults. This section shows your track record of making payments on time and reflects your reliability as a borrower. Consistently making timely payments can help improve your creditworthiness. |
| Credit Score |
Shows your credit score, which is a numerical representation of your creditworthiness. The specific scoring model used (e.g., FICO, VantageScore) and the factors influencing your score may vary. This section provides an overview of your credit score, which lenders often use as a primary factor in assessing your creditworthiness and determining loan terms and interest rates. |
| Dispute Information |
If you’ve disputed any information on your credit report, this section lists the status and results of those disputes. It provides updates on any investigations conducted by the credit reporting agency to verify or correct |
