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There are many credit bureaus operating in the United States as of present. However, only three are highly regarded among these bureaus. These three major credit bureaus are:
- Experian
- Equifax
- TransUnion
The following details the contents of each bureau's credit report:
Experian
- The personal information section, which includes your name, the report number, and the date of preparation of the report
- The 'Potentially Negative Items' section, which includes public records including, civil judgments, bankruptcies, and tax liens. This section also contains another area, the Credit Items, which lists your collection and your charge-off accounts.
- The 'Accounts in Good Standing' section, which lists your current accounts which you have paid responsibly. The accounts mentioned here are in good standing.
- The 'Requests for Credit History' Section, which categorizes each request as 'Requests Viewed Only by You' or 'Requests Viewed by Others'.
- The personal information section includes your personal details including your complete name, present and past addressees, the name of your spouse, your Social Security Number, and your current telephone number.
- The 'Personal Statement' section is intended for the comments of the credit report owner.
Equifax
- The 'Personal Information' includes your full name, present and past addresses, your present and past two employers, which includes their names and addresses, and your job position
- The 'Public Records' section includes records such as bankruptcies, tax liens, and civil judgments.
- The 'Negative Items' section includes your collections, charge-offs, loans that have been defaulted, foreclosures, and repossessions.
- The 'Trade Lines' section includes your payment history as well as high credit limits and balances of your current credit accounts. This section also includes your accounts in good standing.
- The 'Credit Inquiries' section includes any inquiries that have been made to Equifax in 2 years.
- The 'Statements' section includes the comments you made about your credit report.
TransUnion
- The 'Personal Information' section includes your name, date of birth, Social Security number, and your present and past addresses.
- The 'Employment History' section includes your past and present company, including employment details such as the date of your hiring, your income, as well as the date when you left the company.
- The 'Scorecards' section includes your active accounts, the number of negative accounts, paid off or past due accounts, and unrated accounts.
- The 'Collection Activity' section includes your collection activity for unpaid and delinquent accounts. This section also includes the lenders' names, the collection agency, and the date and the amount of credit when it was collected.
- The 'Public Records' section includes public records such as judgments and bankruptcies.
- The 'Creditor' section lists all your creditors from past to present. Corresponding details include the date of the credit, the remaining amount, the status of each credit including the reasons if they were closed.
- The 'Payment History' section includes your payment history in a 2-year period.
- The 'Inquiries' section includes the inquiries for your credit report.
- The 'Warning Messages' section contains warning messages.
These details will help you guide yourself through the three credit reports. All three credit reports have different formats and layouts, therefore it is a must to know how each are displayed.
It is important to view all three credit reports to make sure they are free from errors. Check all three reports regularly by availing of a free copy of your credit report or buying one directly from https://www.credit.com/ufg/default/id_guard_extra_caution.
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