All About My Credit History Report
Posted on
September 21, 2009
at
11:15 pm
Can you fill me in on my credit history report? I don't know exactly how to figure out what's in it. Sounds dumb, I know, but can anyone help me understand it better?
Posted on
September 22, 2009
at
12:36 am
Hi, lightshinesthru! Welcome to the forum.Your credit history report, or simply your credit report, contanins your credit information and history, including all of your previous transactions with different lenders and financial institutions. Credit reporting agencies gather the data on this record, which they compile and sell to different organizations. These include banks, mortgage lenders, credit card companies, credit unions, and department stores. An individual’s credit report may also be distributed to insurance companies, landlords, and employers.The three major credit reporting agencies, in my understanding, are Experian, Equifax, and TransUnion.
Posted on
September 22, 2009
at
2:30 am
Your credit history report also includes your credit score. It helps gauge your credit worthiness to potential lenders. The higher the credit score, the higher the probability that you have been making payments on time with your lenders.
Posted on
September 22, 2009
at
10:58 pm
How often am I able to obtain a copy of this?
Posted on
September 23, 2009
at
1:44 am
By federal law, you are entitled to receive a copy of your credit history report at least once a year. The document will be mailed to you at your current mailing address. Each of the three credit reporting agencies mentioned above will send you a copy of the report. Take note that not all of your creditors report to all three bureaus, and neither do they share information with each other. In effect, all of your three reports may have differing information.
Posted on
September 23, 2009
at
2:24 am
The yearly copy mentioned by Karess is free, too, so you won't be obligated to pay for anything. Also, if you live in Colorado, Georgia, Maine, Maryland, Massachusetts, New Jersey, and Vermont, you can get a free copy of your credit history report aside from the federally-mandated yearly copy. Also if a consumer lives in Vermont and an individual or organization wishes to obtain a copy of his/her report, they need to obtain written consent on the matter.
Posted on
September 24, 2009
at
1:52 am
Also included on your credit history report are public records. These include lawsuits, including divorces and evictions; court judgments and judgment liens; foreclosures and repossessions; bankruptcies; tax liens; and wage garnishments. Bankruptcies stay on a credit report 7-10 years from the date that the claim was filed, and depending on the chapter filed for. Additionally, bankruptcy information remains on your public records for 20 years. Other public records remain on an individual’s credit report for seven years.If an individual falls behind on their child support obligations, this will also be reported by the credit bureaus.
Posted on
September 25, 2009
at
2:38 am
You may also receive a free credit history report aside from the abovementioned if:- You are currently unemployed and intend to apply for a job within sixty days. - You are on welfare- The items on your report are inaccurate due to fraud.- You have reason to believe that your credit file has errors because of someone else's fraud. - You were denied credit because of information included on your credit file. Additionally, you can receive a free copy of your report if your request was made within sixty days of of being denied credit.
Posted on
September 29, 2009
at
2:10 am
I've heard about a combined credit history report, how does that work?
Posted on
September 29, 2009
at
2:26 am
Aside from receiving individual copies of your credit report from each of the three reporting agencies, you may also acquire a “combined” credit history report. All of the information contained in each individual bureau is consolidated into one document. While this option can be advantageous for consumers who wish to make big purchases, like a home or a vehicle, it may not prove to be worth the $35 fee that needs to be paid. After all, you are entitled to receive a free copy yearly anyway.
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