Credit Reports Explained

Understanding your credit report will make you a more informed consumer of Why Credit Repair? services. Here is an explanation of the information your credit report contains.

Personal Identifying Information

The first section of your credit report, and the section in which Why Credit Repair? commonly finds errors, contains demographic or personal identifying information. Such information includes your name, telephone number, social security number, employment information, current and past addresses, and spouse information, if you are married. Though Why Credit Repair? often disputes inaccuracies in this section, these types are errors are fairly benign with regard to the impact they have on your credit score.

Merchant Trade Lines

This section is usually the focus of Why Credit Repair? services. This section will list all of your credit lines and accounts, such as department store cards, mortgages, credit cards, and auto loans. The name of the creditor, balance of the account, credit limit, and your payment history will all be included in this section. You should notify Why Credit Repair? immediately of any errors you find in this section, such as erroneous late payments, charge-offs, etc., so we can dispute them as soon as possible.

Court Records

Ideally, you want this section of your credit report to be blank. The court records section reveals if you have any bankruptcies, liens, judgments, divorces, satisfied liens, and satisfied judgments. All types of court records, including satisfactions, are considered negative items by creditors. Why Credit Repair? can help you remove these items from your report if they are questionable or unfair.

Inquiries

The final section of your credit report lists any inquiries that have been made about your credit. Every time a potential creditor looks at your credit report, an inquiry will appear on at least one of your credit bureau reports. You should try to keep the number of recent inquiries on your report to a minimum by not applying for too may credit lines at once. Try to space your credit requests out over the space of a few months.