Credit Reports Explained Lawyers
What is a Credit Report?
A credit report is a document that lists any outstanding debts that you may have, as well as the status of any credit cards or lines of credit that you may own. Credit reports also include your credit history. Late payments of utility bills and credit card or loan payments may also be reported.
Ordering a Credit Report
There are three main credit reporting bureaus: Experian, Trans Union, and Equifax. Many credit reports offer a report from all three of the bureaus, which may cost you a little extra. You may only need to receive a report from one of the credit reporting bureaus, so be sure and find out what kind of credit report you need prior to ordering one.
Items on a Credit Report
The main information on your credit includes:
- Consumer information (name and contact information)
- Consumer statement or summary of credit status
- Account history (specific account information, such as late payments)
- Public records (bankruptcy, tax, and criminal records)
- Credit inquiries (lists organizations that have obtained a copy of your credit report)
- Credit score (some credit bureaus issue a credit score)
Do I Need a Lawyer?
Dealing with your debt can be confusing and frustrating. An attorney can help you sort through your financial problems, and offer solutions, including negotiating with your creditors and possibly filing for bankruptcy.
Consult a Lawyer - Present Your Case Now!
Last Modified: 10-04-2013 02:27 PM PDT
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