What Information Can You Get From Comprehensive Credit Reporting?

A person’s creditworthiness is determined by their credit history. People who do not have a credit score have traditionally found it difficult to secure employment or rent an apartment, as mentioned in the video. TransUnion, Experian and Equifax are the three credit reporting bureaus in the United States.

Comprehensive credit reporting provides a detailed view of a person’s credit history. Everything from defaults, late payments and other incidences with negative implications, to those with a positive impact on an individual’s score are included in this report.

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With this detailed record, lenders and other parties, who rely on such information to make decisions on creditworthiness, can be sure that they have a more accurate assessment of the individual in question.

To come up with a unique credit report on an individual, the three major credit reporting bureaus normally collect information about your credit history. It is worth noting that the information in each of these reports is not the same — the main reason being that some creditors may not furnish all three bureaus with your credit details. Your personal details, credit accounts, credit inquiries and public records form the bulk of the information contained in these reports.

Your credit score is computed using the information contained in your credit history/report. In most cases, the information on the report remains there for at least seven years. To avoid locking people who don’t have a credit history out of the credit system, new solutions for building up an individual’s creditworthiness are being developed.


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