Now let’s look at your credit report. Your credit report contains the information that a credit bureau keeps on file about you. This is the information
used to determine your FICO® score. Three credit bureaus in the
United States keep information on you – Equifax, Experian and TransUnion –
so you have a total of three credit reports and three FICO® scores.
On the next several pages we’ll look at your credit report from Equifax.
Personal information
| Name |
John Smith |
| Former Names |
None On Record |
| Date of Birth |
May 1, 1970 |
| Social Security Number |
123-45-XXXX |
| Current Address |
6100 Fifth Avenue
Dayton OH, 45439
|
| Previous Addresses |
123 Maple Lane
Richmond IN, 47374
|
| Past Employers [?] |
Telecommunication Manager TelCo USA |
Past Employers
These are all your current and former employers reported by the credit bureau. The employers listed on your credit report do not affect your FICO® score.
Total balance of your revolving accounts
This is the total balance on all of your revolving accounts. Revolving accounts include any account, usually credit cards, where you are able to have more credit extended to you without having to reapply with the lender.
Total balance of your mortgages
This is the total balance remaining on all of your mortgage loans.
Total balance of installment loans
This is the total balance remaining on all of your installment loans. Installment loans are loans requiring regular payments (usually monthly) over an arranged period of time. Examples of installment loans include auto loans and student loans.
Total amounts past due
This is the total of all amounts past due on all your credit accounts.
An amount past due is how much debt you are obligated to have paid back at this time, but have not actually paid back.
For example, if you miss a payment to a credit card one month, the amount past due is the credit card's minimum monthly payment.
Credit history
This is how much time since the "Date Opened" of the account you first opened
Total number of accounts
The total number of credit accounts listed on your credit report.
Total number of accounts with balances
This is the number of your credit accounts that currently have balances. Keep in mind that this information is obtained by the credit bureau and even if you have paid off an account, it may still show a balance and therefore be designated as carrying a balance.
Total number of accounts opened in past year
This is the number of accounts listed on your credit report with a "date opened" in the past year.
Total number of recent inquiries
This is the number of inquiries listed on your credit report resulting from you applying for new credit in the past year.
Total number of collections
This is the number of collections listed on your credit report.
A collection is reported on you when a creditor turns over any account that you have not repaid to a collection agency.
Total number of public records
This is the number of public records listed on your credit report. A public record is a legal record reported on you, usually by a court of law. Public records can include bankruptcies, foreclosures, garnishments, and tax liens.
Total number of late payments
The total number of late payments on any of your accounts. A payment is considered late if it was remitted after the due date and the lender or account provider flagged the payments as late.
Statements
These are consumer statments that you have submitted to the credit bureau. Often these statments are in reference to a dispute. These consumer statements have no bearing on your FICO® score.
