{"id":3759,"date":"2019-08-09T04:08:57","date_gmt":"2019-08-08T22:38:57","guid":{"rendered":"http:\/\/yourcareerheights.com\/?p=3759"},"modified":"2019-08-09T04:08:58","modified_gmt":"2019-08-08T22:38:58","slug":"how-to-read-a-credit-report","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=3759","title":{"rendered":"How to read a credit report ?"},"content":{"rendered":"<div id=\"pl-3759\"  class=\"panel-layout\" ><div id=\"pg-3759-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3759-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3759-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-3759-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3 data-reactid=\"60\">Once you know how to read a credit report, you'll have a better sense of what to look for.<\/h3>\n<p><a href=\"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2019\/07\/Credit-Report.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3709 alignleft\" src=\"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2019\/07\/Credit-Report-300x172.jpg?resize=300%2C172\" alt=\"\" width=\"300\" height=\"172\" srcset=\"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2019\/07\/Credit-Report.jpg?resize=300%2C172&amp;ssl=1 300w, https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2019\/07\/Credit-Report.jpg?w=554&amp;ssl=1 554w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><strong>We draw your attention to our earlier post on\u00a0<a href=\"http:\/\/yourcareerheights.com\/?p=3704\" target=\"_blank\" rel=\"noopener\">\"How long do negative items stay on a report?\"<\/a> wherein we have informed you about:<\/strong><\/p>\n<ul>\n<li><strong>Most negative information generally stays on credit reports for 7 years<\/strong><\/li>\n<li><strong>Bankruptcy stays on your credit report for 7 to 10 years, depending on the bankruptcy type<\/strong><\/li>\n<\/ul>\n<p><strong>In continuation to the same we present herewith an article on How to read a credit report?<\/strong><\/p>\n<p><strong>You have a different credit report at each of the 4 national credit bureaus: CIBIL, TransUnion, Experian and Equifax<\/strong>. Each bureau\u2019s report may have information from different sources reported at different times. If this sounds overwhelming, don\u2019t worry. Once you know how to read a credit report, you\u2019ll get a good idea of the categories of information all credit reports show. You\u2019ll also have a better sense of what to look for. So let\u2019s jump right in.<\/p>\n<p><strong>Personal Information<\/strong><br \/>\nEach of your credit bureau reports shows basic identifying information like: name, current and past addresses, date of birth and employer. There\u2019s also a space for a consumer statement, a place where you can explain certain parts of your credit report.<\/p>\n<p><strong>Look for:<\/strong><\/p>\n<ul>\n<li><strong>Inaccurate information.<\/strong>\u00a0Sometimes you\u2019ll see your name or address spelled in different ways because whoever reported your information had it that way in their records.<\/li>\n<li><strong>Unfamiliar addresses.<\/strong>\u00a0This could be a sign someone is using (or is trying to use) your information fraudulently.<\/li>\n<\/ul>\n<p><strong>Inquiries<\/strong><br \/>\nThis section lists creditors who\u2019ve asked to see your credit report. When you apply for credit\u2014a mortgage, credit cards, car loans and all sorts of other kinds of financing\u2014the company considering giving you that credit will almost always pull your credit report to evaluate whether giving you the credit is worth the risk. This request is called a credit inquiry.<\/p>\n<p>The reports you see show \"hard\" and \u201csoft\u201d inquiries. Hard inquiries are those that happen when you apply for credit cards or other types of loans and they stay on your report for 2 years. \"Soft\" inquiries, which aren\u2019t listed on the reports creditors see, come from companies making you credit offers.<\/p>\n<p><strong>Look for:<\/strong><\/p>\n<ul>\n<li><strong>How many inquiries are listed.<\/strong>\u00a0This is a good way to pay attention to how often you\u2019re applying for credit. Too many hard inquiries may be viewed by creditors as a negative.<\/li>\n<li><strong>Unfamiliar inquiries.<\/strong>\u00a0If you see any of these, investigate them immediately. You may have just forgotten about a credit application you made last year, but it also may be a sign a criminal has applied for credit in your name. Better to double check now than be sorry later.<\/li>\n<\/ul>\n<p><strong>Accounts<\/strong><br \/>\nThis area of the credit report lists all your accounts, open and closed, active and paid, individual and joint. For each account, you\u2019ll see information on:<\/p>\n<ul>\n<li>The loan\/credit itself<\/li>\n<li>The creditor (including contact info)<\/li>\n<li>Balance<\/li>\n<li>Account status<\/li>\n<li>Monthly payment history<\/li>\n<li>Whether or not you paid on time<\/li>\n<\/ul>\n<p><strong>Look for:<\/strong><\/p>\n<ul>\n<li><strong>Unfamiliar accounts.<\/strong>\u00a0If you see an account you don\u2019t recognize, follow up with the creditor to verify it. It may be a sign someone has fraudulently opened an account in your name.<\/li>\n<li><strong>Negative information.<\/strong>\u00a0Look for any late payments or accounts in collections. By law, the credit bureaus must remove most kinds of negative information from your report 7 years after the information first appeared on the report.<\/li>\n<\/ul>\n<p><strong>Public records<\/strong><br \/>\nIf you have court judgments against you, they will be listed along with the settlement amount and the date the record will be expunged. This section also may show information about tax liens and bankruptcies.<\/p>\n<p><strong>Look for any listings, whatsoever.<\/strong> Public records showing up on any of your 3 credit bureau reports can seriously impact your credit. If there is anything listed in this section, make sure it\u2019s accurate. If it isn\u2019t, dispute it with the credit bureau as soon as possible.<\/p>\n<div id=\"pl-3704\" class=\"panel-layout\">\n<div id=\"pg-3704-0\" class=\"panel-grid panel-no-style\">\n<div id=\"pgc-3704-0-0\" class=\"panel-grid-cell\">\n<div id=\"panel-3704-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\">\n<div class=\"panel-widget-style panel-widget-style-for-3704-0-0-0\">\n<div class=\"so-widget-sow-editor so-widget-sow-editor-base\">\n<div class=\"siteorigin-widget-tinymce textwidget\">\n<p>Source: This article originally appeared on True Credit\u00a0(<a href=\"https:\/\/www.truecredit.com\/\">True Credit<\/a>). Follow this link for the original article:\u00a0<a href=\"https:\/\/www.truecredit.com\/how-to-read-a-credit-report\/\" target=\"_blank\" rel=\"noopener\">How to read a credit report<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Once you know how to read a credit report, you&#8217;ll have a better sense of what to look for. We draw your attention to our earlier post on\u00a0&#8220;How long do negative items stay on a report?&#8221; wherein we have informed you about: Most negative information generally stays on credit reports for 7 years Bankruptcy stays&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[38,686,701,37,14,687],"tags":[702,688,690,704,703,689],"class_list":["post-3759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-credit-history","category-credit-report","category-finance","category-jobs","category-true-credit","tag-cibil","tag-credit-history","tag-credit-report","tag-experian-and-equifax","tag-transunion","tag-true-credit"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2019\/08\/Credit-Report1.jpg?fit=2040%2C1341&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/3759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3759"}],"version-history":[{"count":1,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/3759\/revisions"}],"predecessor-version":[{"id":3761,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/3759\/revisions\/3761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/3760"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}