Which of the following is not recorded on your credit report?
What is recorded on your credit report
Your credit reports include information about the types of credit accounts you've had, your payment history and certain other information such as your credit limits. Credit reports from the three nationwide consumer reporting agencies — Equifax, TransUnion and Experian — may contain different account information.
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What 4 items are part of a credit report
These four categories are: identifying information, credit accounts, credit inquiries and public records.
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Which of the following is not one of the three credit bureaus
The answer is C.
Bank of America (BOA) is a commercial bank, who will obtain loan applicant's credit report from three credit bureaus to analyze applicant's financial situation. In the U.S, there are three trusted independent credit bureaus: TransUnion, Equifax and Experian.
What are 5 things found on a credit report
The information that is contained in your credit reports can be categorized into 4-5 groups: 1) Personal Information; 2) Credit History; 3) Credit Inquiries; 4) Public Records; and, sometimes, 5) a Personal Statement. These sections are explained in further detail below.
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What does not reported mean on credit report
If you have no credit accounts or have opened an account or accounts with lenders that do not report the payment status to a credit reporting company, you will not have a credit report.
What does a credit report include quizlet
The report shows the number, balance, credit limit, monthly payments, past due amounts, late payments, and the number of accounts you've applies for recently.
What are 3 things you might find on a credit report
Credit accountsCurrent and historical credit accounts, including the type of account (mortgage, installment, revolving, etc.)The credit limit or amount.Account balance.Account payment history.The date the account was opened and closed.The name of the creditor.
What data is contained in a credit report
Your consumer credit report includes information to identify you such as your name, date of birth, address and employer. It also includes certain information about how you've handled any past or current consumer loans or debts, and your repayment history.
What is not one of the credit bureaus
TransUnion is not one of the three primary credit bureaus. The Fair Reporting Act limits the sharing of credit information.
What are all 3 credit reports
These agencies include Equifax, Experian, and TransUnion.
What are 5 things not in your credit score
However, they do not consider: Your race, color, religion, national origin, sex and marital status. US law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit Protection Act.
What should be removed from credit report
However, credit reporting agencies will only remove information that's incorrect. For example, the balance due may be wrong, the number of missed payments may be incorrect, or the entire debt may not belong to you. In all these cases, you should file a dispute.
Are bank accounts listed on credit report
Your bank account information doesn't show up on your credit report, nor does it impact your credit score. Yet lenders use information about your checking, savings and assets to determine whether you have the capacity to take on more debt.
Which item is not provided on a credit report quizlet
Not included are savings and checking accounts (typically not reported to a credit bureau).
What information is not included on a credit report and is not part of a credit score calculation
FICO® Scores consider a wide range of information on your credit report. However, they do not consider: Your race, color, religion, national origin, sex and marital status.
What should a credit report include
Credit accountsCurrent and historical credit accounts, including the type of account (mortgage, installment, revolving, etc.)The credit limit or amount.Account balance.Account payment history.The date the account was opened and closed.The name of the creditor.
What are the most important things on your credit report
Payment history — whether you pay on time or late — is the most important factor of your credit score making up a whopping 35% of your score. That's more than any one of the other four main factors, which range from 10% to 30%.
What is included in a credit report quizlet
The report shows the number, balance, credit limit, monthly payments, past due amounts, late payments, and the number of accounts you've applies for recently.
What types of accounts show up on credit report
Three types of accounts commonly appear on credit reports: collection accounts, installment accounts and revolving accounts.
Do all debts show on credit report
While most major lenders and creditors report to at least one of the credit reporting agencies, there is no requirement to report, and not all companies do. Therefore, it is possible to owe a debt that does not appear on any of your credit reports.