1. What is in your credit report?
Your credit report contains four important areas of information:
- Personal: Name, address, Social Security number, date of birth and employment information
- Credit history: Types of accounts, the date you opened the account, your credit limit or loan amount, the account balance and payment history
- Public records: Bankruptcies, foreclosures, garnishments, legal suits and judgments
- Inquiries: List of creditors that accessed your credit report in the last two years
2. What makes up your credit score?
A credit score is a number based on a snapshot of your credit report that helps a lender determine your ability to pay back debt (your score = your credit risk). Fair Isaac's FICO® scores are widely used credit scores and may be based on the following factors: