How to Read an Equifax reputation article
How to Read an Equifax reputation article
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How to Read an Equifax reputation article
The Fair prestige Reporting Act (Fcra) requires each of the Nationwide consumer Reporting organizations (Equifax, TransUnion and Experian) to furnish you with one free prestige record every 12 months per your request. This means that you are entitled to three free prestige reports per year, if you deem it necessary. You can stagger the requests or order all of them at the same time.
How to Read an Equifax reputation article
How to Read an Equifax reputation articleEach of the National consumer prestige Reporting bureaus have a unique prestige record format, but in essence they furnish you with the same information. When you receive your free Equifax prestige report use the following guidelines to read your report:
How to Read an Equifax reputation article
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Personal Information
How to Read an Equifax reputation article
How to Read an Equifax reputation article
This section will information your personal information: Name, collective security estimate (Ssn), date of birth, any former names, death consideration information, current address, former addresses, any other identification numbers that you may have, current manager and former employers.
You will also find information about any fraud alerts that you may have against your prestige report.
Account information Summary
You'll find a list of all your accounts here. Added information will consist of inventory type, inventory number, date inventory was opened, inventory balance, any past due amount, inventory status and prestige limit.
Inquiries
Any inquiries against your prestige file will be listed in this section. This section is divided into two subcategories: (a) Inquiries that display to companies and may impact your prestige score. (b) Inquiries that do not display to companies and do not impact your prestige score.
"Inquiries that display to companies and may impact your prestige score"
These are inquiries by possible creditors who are assessing either to enlarge you a line of prestige or not. Your prestige score will be minimally affected and therefore these inquiries should not be of major concern, unless there are some red flags. The name of the company that requested the information and the date they requested it will be listed.
"Inquiries that do not display to companies and do not impact your prestige score"
Unlike the former inquiries - these do not "hurt" your prestige score. They consist of inquiries for pre-approved prestige lines, insurance, or inventory reviews by existing creditors. The name of the company that requested the information, the date they requested it and the type of inquiry will be listed.
Collections
Any accounts that have gone to collections will be listed here along with the name of the creditor, date reported, creditor type, your inventory number, traditional amount, dates of delinquency, outstanding balance and status information.
Public Records
Bankruptcies, liens or judgments information from federal, state or county court records will be listed here. Each collective record will indicate the type of record, case number, estimate in default and any relevant information related with that particular case.
Sample Equifax prestige report
How to Read an Equifax reputation article
How to Read an Equifax reputation article
Make Money From Blogging
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How to Read an Equifax reputation article
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