This is a good start to Understanding Credit Reports

A credit report contains a lot more information than what most people realize. Basically, when understanding credit reports there are five main categories: personal data, accounts transaction history, accounts reported as being delinquent or in default, public records and inquiries. This information aids in understanding credit reports.

Personal data typically includes the name of the individual, including former names and any alias used, social security number and past and present addresses. The individual's employment history, including salary, is also included. If married, the same information may be included for the spouse. This is the first step in understanding credit reports. Accounts transaction history typically shows the transactions during the previous 24 or 36 months.

Understanding credit reports always takes into account accounts reported as being delinquent or in default. Public records, such as, bankruptcy filings, lawsuits, court judgments, foreclosures, judgment liens, tax liens, mechanics liens, child support delinquencies, and criminal arrest and convictions are also included in credit reports. Inquiries include names of creditors, landlords, employers and others who requested a copy of the credit report within the past 12 months. Such requests are not limited to inquiries in response to a new application for credit, housing or employment.

About The Author:

Alan Zunec is a successful author and regular contributor to http://www.free-best-credit-cards.com. A source for free credit , free credit reports and great credit information.