What is in a Credit Report?
A credit report includes the following:
- All of the times you have borrowed money, the date, the credit limit and a history of how you have paid the money back
- A list of late payments that were 30, 60, 90 or 120 plus days late
- Any bankruptcies and tax liens,
- Each time that a creditor or potential lender has made an inquiry about you when the lender was deciding whether to give you credit, and
- Overdue payments that have been referred to a collection agency.
What is a Credit Score?
A credit score uses a number between 300 and 850 to inform creditors and lenders of how reliable you are when it comes to paying off your debts based on the information from your credit report.
How can I get a free credit report?
As of September 2005, all
You can also get a copy of your report for free anytime if:
- You have been denied credit for any reason and a credit report was used in making the decision. You have 60 days to mail proof of rejection to the reporting credit bureau;
- You are unemployed, actively seeking employment, or if an employer or potential employer has requested a credit report;
- You are receiving public welfare assistance; or
- You believe your credit report has been used to perpetrate a fraud.