So in the old days, when you would get your credit report — usually, like the really old days, when you would like mail off for them, or like call the phone number and they’d mail them to you — these sort of amorphous documents would arrive, of grey, and were really impossible to understand.

The credit bureaus have done a great job in the last decade of making these reports more and more accessible and understandable. But still they confuse consumers.

So what we’re going to do in this one minute, is to break it down. Basically what you need to know is your credit report has three sections:

3 Sections of credit reports:

  1. Credit Reports SectionsYour personal information. When you get your report make sure that it is absolutely accurate, so that you don’t have a mixed file confusing you — your identity with somebody else’s. That can impact your credit score and it happens
  1. Your history of how you’re paying. Everybody knows about that. Don’t pay your accounts on time, your credit report gets marred; your score is terrible.
  1. Credit Inquiries. How often you seek new credit. That can ding your report if you do too much of that.

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Do you need help with your credit score? Call a Lexington Paralegal and get a free consultation on your credit report and what Lexington Law can do to help. Call: 1 (855) 255-0492

 

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