Credit history and accountsĪs the name suggests, your credit report also showcases your credit history. This should be done by contacting the credit bureau that you received your credit report from. You may also want to take note of any updates you need to make, like name or address changes. Make sure that these items are accurate, as there could be room for error. Your mailing address (and past addresses).The first thing you may notice on your credit report is your personal information. Let's explore this information included in your credit report some more below. It provides the pool of data that a credit score is built on. Simply put, without a credit report, there can be no credit score. It provides a comprehensive view of your credit history and lists out your current accounts. Your credit report, on the other hand, doesn't include your credit score, but rather the credit activity that is used to calculate your credit score. The report, which includes information in regard to your credit, is used to calculate your credit score. Issuers, lenders and bankers may look at your credit score in addition to your credit report to help determine your creditworthiness and interest rates. Factors like your payment history, credit mix and more are used to help determine this number. Your credit score is a single three-digit number that reflects your credit health to potential lenders and issuers. Your credit score and credit report are related, but they are not the same. It can be easy to confuse credit reports with credit scores. While the two are often talked about hand-in-hand, there are some slight differences. They may do this to help verify your identity.Ĭredit reports serve plenty of purposes, but don't confuse this with your credit score. Additionally, if you're interviewing for a job, you could be asked to complete a background check in which your potential employer runs a pre-employment credit check. Credit reports are also used to calculate your credit score and verify your identity.įor example, a credit card issuer may want to examine your credit report to help determine your credit limit and annual percentage rates (APRs).
A credit report assists them in determining whether you should be granted credit-and at what cost (interest rates and more). Lenders, bankers, issuers and potential employers may look at your report to learn about your experience as a borrower.
Chase credit report phoenix financial services free#
You can also access your Experian™ credit report through Chase Credit Journey ® or get a free annual credit report at. The Fair Credit Reporting Act (FCRA) requires each of the three major credit bureaus - Experian™, Equifax ® and TransUnion ® - to provide you with a free credit report once a year should you request it. Have no fear, we'll guide you through you through the report section by section, breaking things down and providing you with an explanation on what your credit report is all about.Ī credit report is a document that contains financial information, such as bill payment history, loans and current debt as well as your personal information, such as name and birthdate. When you first get a credit report, you may feel a little daunted by the facts, numbers and personal information contained in the document. Whether you've just opened your first credit card account or have been using multiple accounts for years, you may not necessarily be aware of all the important information that comes with your credit report.
0 kommentar(er)
