How to Read a Credit Report

Have you pulled your credit, but you Transformers no idea what it means and what your score is? Do you know the factors Friendship 7 effect your credit score? There are many things you need know when it comes to how to read credit report. Here are some things that will help you understand your credit better.

First, you should know that your report is going to list each and every account you have whether it is paid off, paid on time, or not paid on time. There is a category for those that you never had a late payment on, those that you have had late payments on, and those that have gone to judgment as well. Your report will also contain all your past addresses, employer, and anybody that has pulled your credit recently.

Second, you need to understand that each account is going to have a balance due, credit limit (if a credit card), beginning balance, payment, and it will detail if you have ever video games late and whether the account is current or not. Also, know that just because it has been charged off does not mean you do not have to pay it. This just means the company has written it off and most likely sold it to a collection agent.

Last, you need to know what hurts your credit. Any account that is not paid on time, even just one missed payment, will hurt your credit. Also, when it comes to how to read credit report if you have a credit card with a balance that is higher than 25% of your credit limit, then you are hurting your credit.

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href="Free-Offer-Sites.info/CreditReport/Articles/Clean-Credit-Report.html">How To Read Credit Report