What is Free Credit Report

Credit Report is a summery of your past credit history; that includes your account history information, employment and personal information. There are a lot of credit report companies and bureaus that keep and collect have your credit information.

Who can access your credit report?

The following organizations can acquire your credit report for free:

-Landlords

-Employers

-Lenders

-Insurance Companies

When can you expect to have your credit report obtained by someone?

-Renting or leasing an apartment, condo or house.

-Applying for a home or car loan.

-Applying for a credit.

-Applying for insurance.

-Applying for a job.

What kind of information is recorded on your credit report?

-Your credit history is the first and the most vital section of your credit report.

It lists all of your current credit information: credit loan amounts, credit limits,

payment history. Your name will appear as a main account holder, and also when you co-signer and authorized individual.

There is also public record information section that lists financial records such as: bankruptcies, child support, liens.

-Your individual personal information includes: your social security number, your address, birth date, employment history, and your previous addresses. This information is normally provided by you when you actually apply for a credit.

Your credit report may also include inquiries made by lenders or entities.

(It doesn’t include inquires made by you).

Note, that there are certain items on your credit report can be an impediment

On your credit report: Bankruptcies removed from your credit report after ten years;

Resolved delinquent and collection accounts removed after seven years.

Inactive and old accounts can take over ten years to be removed.

There are some personal and financial information that will not be listed on your credit report: your saving and checking account information; gender, marital status and ethnicity.

RMC Funding | 236 N Chester Ave | Pasadena, CA  91106
Ph: (626) 584-9824 | Fax: (626) 795-0054