![]() These personal facts about you include your full name, date of birth, address, place of employment, and a partial listing of your social security number. ![]() The Information Found In All Credit Reports from Experian, Equifax and TransUnionĪll credit reports – whether from Experian, Equifax or TransUnion – contain basic information that can be categorized into five primary sections: Your personal information Lastly, TransUnion also uses the notation “N/A” or “Not Applicable” to describe various accounts. A red box with “120” means you were 120 days late.A red box with “90” means you were 90 days late.An orange box with “60” means you were 60 days late.A yellow box with “30” means you were 30 days late on a payment.A green box with “OK” signals that your payment is current.A white box with an “X” indicates unknown information.They also include color-coded boxes (white, green, yellow, orange and red), with words or numbers inside of them, to indicate your payment history: ![]() TransUnion reports list “Satisfactory” and “Unsatisfactory” accounts. ![]() Read: Which Credit Report is More Important? However, if you ever seek a loan in the future, it will be helpful to have your information accurately reflected in your credit report to show a lender your hire date for a job, or the length of time you spent at a specific employer. You can update or correct several fields, including: your current or previous employer’s name, the position you held and the date you were hired.Ĭhanging this information will not improve your credit score. TransUnion has the most thorough employment data section in your personal summary. For instance, it could say: “Between September 2018 and January 2023 your credit limit/high balance was $5,000.” TransUnion Highlights If you’ve had an account open for less than 10 years, the Balance History data will reflect whatever time period you opened the account. The “Balance History” information in Experian credit reports currently dates back ten years.Īlso included in the “Balance History” section will be a statement indicating was your high credit/high balance was has been, over different time frames, for the past decade. With Experian credit files, you will also see a monthly “Balance History” for any accounts that are still open, or for those closed accounts with an outstanding balance. That critical “Status Details” section of your Experian report will give you that precise information. ![]() For those of you who with these and other negative marks in your credit file, you won’t have to wonder how long a certain blemish will haunt you. For all of the accounts listed in your credit file, Experian shows you “Status Details” indicating when an account is scheduled to fall off your credit report.įor example, since positive payment history remains on your credit report for 10 years, an auto loan that you paid off and closed in July 2020 will show the following Status Details: “This account is scheduled to continue on record until July 2030.” By contrast, let’s say you had an account go to collections and ultimate get written off by a creditor. In some cases, however, particularly for closed or paid accounts, you will see a statement saying: “No 81-Month Payment Data available for display.” Experian HighlightsĮxperian credit reports contain a unique feature that many users find extremely enlightening. Equifax files also often show an 81-month credit history for your credit accounts. (With Experian and TransUnion, all accounts are grouped together and listed alphabetically). Equifax HighlightsĪs of this writing, Equifax reports are the only ones that summarize “Open Accounts” and “Closed Accounts,” making it far easier to distinguish this information and choose which accounts you want to examine first. Here are some highlights of the key differences between Experian, Equifax and TransUnion (the big three credit bureau’s reports) – and how that information can help you to both better understand and improve your credit rating. But did you also realize that the manner in which the credit bureaus present your credit data is also likely to differ substantially? If you’ve ever pulled your credit files from Experian, Equifax and TransUnion – each of the three major credit bureaus- and tried to compare them, you know that certain information in your credit records likely to be different. ![]()
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