How much will your home rent for?
Once a notation is made on your report, it doesn’t drop off for awhile. That’s not a problem for positive entries, but negative comments by your creditors can affect your buying power for several years. If the comments are accurate, they can stay on your report for seven years. Bankruptcies can remain on your report for ten.
Personal Information on Your Credit Report
These items are not used to evaluate your credit history. They are gathered from information you give to your creditors.
Public Records and Collection Accounts
Data is collected from the court system and from debt collection agencies.
Your Credit History & Current Obligations
Reported by your creditors.
Inquiries made when you are seeking new credit; too many inquiries in a short time are viewed negatively.
Inquiries made for promotional mailings, by your current creditors, and by yourself for informational purposes; these inquiries are not viewed negatively
Your Credit Score
Your credit score is a number that’s generated by analyzing your entire credit profile. Scores range from 340 to 850. The higher your score, the less risk a lender assumes you will be.
Credit Reporting Agencies
There are three major credit reporting agencies in the United States. Creditors submit your payment history and personal information to these agencies.
Each agency operates independently of the other two, so records often differ. Because they do not share information Corrections and updates to your file must be sent to each credit reporting agencyinforma
Official Site FreeCreditReport.com® America's #1 Report & Score.