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Your credit report is a breakdown of the following:
- Personal information: This is compiled from credit applications completed by you in the past. Such information consists of your name, current and recent addresses, Social Security Number, date of birth as well as current and previous employers.
- Credit history: Most of your credit report consists of details about credit accounts that were opened in your name or that list you as an authorized user (such as a spouse's credit card). Account details are supplied by creditors with which you have an account include:
- The date on which the account was opened, the credit limit or amount of the loan, the payment terms, the balance, and a history that shows whether or not you've paid the account on time.
- Depending on the manner in which they were paid, closed or inactive accounts stay on your report for 7 to 11 years from the date of their last activity.
- Inquiries: Remaining on your report for 2 years; credit reporting agencies record an inquiry whenever your credit report is shown to another party, such as a lender, service provider, landlord, or insurer.
- Public records: Matters of public record obtained from government sources such as courts of law - including liens, bankruptcies, and overdue child support - may appear on your credit report. Most public record information stays on your credit report for 7 years.
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