in your report. A credit report is a compilation of information that Know what’s your creditors send to a credit reporting agency like Equifax. The report is divided into sections: Personal information name, aliases, current address, and previous address – Public records civil claims, leins, bankruptcy, collections. Bankruptcy – information can stay on your report 7-10 years. Credit items (history) a list of credit accounts, types of accounts, and payment – history. This section will have account numbers, account names, account history, number of months reviewed, total amount of accounts, and total amounts of debt. This information stays on your report for seven years from the date of last activity. This section has a large affect upon your credit score, which is a formula used by the credit reporting agency to determine whether you are a credit risk. This score affects how much you pay for loans, credit cards, and even insurance. Inquiries This is a list of requests for your credit information. These requests – can come from 1) a creditor you currently do business with 2) someone who wants to offer you credit (promotional) 3) your personal request for a free report 4) a creditor where you have applied for credit. The only ones that usually affect your credit score are those where you are shopping for credit. Share resources for more information. The Federal Trade Commission provides excellent information about ordering, reviewing, and correcting mistakes in credit reports. provides information on how your credit report information can affect your credit score. Give out the evaluation, collect them, and give them to your county educator. Allow time for questions and comments
Know what’s in your report. A credit report is a compilation of information that your creditors send to a credit reporting agency like Equifax. The report is divided into sections: Personal information – name, aliases, current address, and previous address Public records – civil claims, leins, bankruptcy, collections. Bankruptcy information can stay on your report 7-10 years. Credit items (history) – a list of credit accounts, types of accounts, and payment history. This section will have account numbers, account names, account history, number of months reviewed, total amount of accounts, and total amounts of debt. This information stays on your report for seven years from the date of last activity. This section has a large affect upon your credit score, which is a formula used by the credit reporting agency to determine whether you are a credit risk. This score affects how much you pay for loans, credit cards, and even insurance. Inquiries – This is a list of requests for your credit information. These requests can come from 1) a creditor you currently do business with 2) someone who wants to offer you credit (promotional) 3) your personal request for a free report 4) a creditor where you have applied for credit. The only ones that usually affect your credit score are those where you are shopping for credit. Share resources for more information. The Federal Trade Commission provides excellent information about ordering, reviewing, and correcting mistakes in credit reports. provides information on how your credit report information can affect your credit score. Give out the evaluation, collect them, and give them to your county educator. Allow time for questions and comments