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This key is designed to help you read your 3-Bureau
Online Credit Report. It gathers all the information on
your credit history from the three major credit reporting agencies,
Equifax (abbreviated EFX), Experian (abbreviated XPN), and Trans
Union (abbreviated TUC).
The first section of the report gives basic information about
the person the report is for. Check to see that your name, current
address, and Social Security number are correct.
The second section, the Report Summary, sums up current credit
accounts and balances, and notes delinquent or overdue amounts.
Items are listed in four columns, so read down then over rather
than completely across. The Report Summary includes: |
Oldest Account. Shows the earliest opening date of
all credit accounts.
Credit Accounts. Shows the total number of credit accounts
reported.
Closed Accounts. Shows the total number of credit accounts
that are reported closed.
Inquiries. Shows the total number of inquiries about
your credit that were reported. (Inquiries may be made by
banks, department stores, employers, landlords.)
Inqs/6 mos. Shows the number of inquiries within the
last 6 months.
Real Estate Bal. Shows the total balance of all real
estate type accounts.
Installment Bal. Shows the total balance of all installment
(fixed payment) type credit accounts.
Revolving Bal. Shows the total balance of all revolving
(open credit line) type credit accounts.
Total R/E Pmt. Shows the total of all real estate payments.
Total Other Pmt. Shows the total of all non-real estate
credit account payments.
Current Accts. Shows the total number of current accounts.
Revolving Credit Avail. Shows the percentage of revolving
credit that is available for use.
Was Delq/Derog. Shows the number of accounts that have
previously been delinquent or derogatory.
Now Delq/Derog. Shows the number of accounts that are
currently delinquent or derogatory.
Past Due Amt. Shows the total past due amount for all
credit accounts.
Public Records. Shows the number of matters of public
record (e.g., bankruptcies, foreclosures) reported by each
credit bureau.
Collection Accounts. Shows the number of accounts turned
over to a collection agent, as reported by each credit bureau.
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The third section gives detailed information about what each
of the three bureaus has reported for each credit account on
file. It is possible that some credit accounts may not be reported
to all three credit reporting agencies, and that some credit
accounts with small, local lenders may not be reported at all.
For each reported account you may see: |
Account Name. The name of the creditor with whom you
have or have had an account.
Number. A truncated listing of the account number,
with 4 digits left off for security purposes.
Type of Account. A description of the type of credit
account this is (e.g., real estate, revolving, installment).
Credit Bureau. The abbreviations for the credit bureaus
reporting the account (read across from each to see that bureau's
information).
(Id) Bur Code. A code indicating your association with
the account, e.g., I for individual or J for joint.
Date Open. The date upon which the account was opened.
High/Limit. Your credit limit, or the most you have
ever charged on the account.
Mnthly Pmt. Your monthly payment on the account.
Account Balance. The balance you owe, as of the date
the information was obtained.
Last Rptd. The last date the account information was
updated to the credit bureau by the creditor.
Account Status. Shows what the current status of your
account is, e.g., current or delinquent (Del) by 30, 60, or
90 days.
Past Due Amt. Amount, if any, past due, as of the date
the information was obtained.
Last Delnq. Last time the account was reported delinquent.
Past Due 30/60/90+. Any balance that is past due at
the time the information was obtained will appear in the Past
Due Amount column. Past Due 30/60/90 indicates the number
of times an account was overdue 30, 60, or 90 days.
Hist Date. Works with next item, Account Status.
Historical Acct Status. For chronological reference.
Each number under Historical Account Status indicates whether
the account was current or past due on a month to month basis
over the last 24 months, including the date shown under Historical
Date.
The numerical codes are:
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0 Too
new to rate
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1 Current
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2 30
days late
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3 60
days late
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4 90
days late
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5 120
days late
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6 150
days late
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7 Wage
earner plan or bankruptcy
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8 Repossession
or foreclosure
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9 Collection
or charge off
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U Unrated
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- Not
reported that month |
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