Credit Reports There are various sections to a credit report. The content is relatively consistent amongst bureaus. It is best to understand each section when reviewing a credit report. Below is a generalized description of what a personal credit report contains (wording may differ amongst credit reporting agencies, but the general idea is the same, [...]
Credit Scores Every consumer has a credit score, this does not appear on your personal credit report when you order it. A company called Fair Isaac Incorporated (FICO) developed this score. This is a summary version of a consumer’s credit report. Fair Isaac does not compile the information, but the model for the score requires [...]
Collections This section may or may not exist depending on the credit reporting agency you get your consumer credit report from. If a payment is not made within 180 days, credit grantors usually write off these accounts. Some times, they try to sell these accounts to Collection Agencies. The collection agencies pay less than the [...]
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