Page 26 - Book7E

18
Sample Credit Report
7 . Unknown: Number of accounts in the category whose condition was not reported by the credit bureau.
This section also summarizes your open accounts, closed accounts, public records, and inquiries:
1 . Open/Closed Accounts: A total number of all accounts that is either open or closed.
2 . Public Records: A count of any public records in your name, and the total amount of money involved for all public records. Public records may include judgments against you in civil actions, state or federal tax liens, and/or bankruptcies.
3 . Inquiries: An inquiry appears when an organization such as a bank or retail store requests a copy of your credit report. This number reflects how many inquiries were made on your credit report within the last two years.
Account History
As you move further into the credit report, you’ll find a section on Account History. This is the meat of the report containing the bulk of the information. It provides details about all credit accounts in your name and how you’ve paid. Even though the information is very detailed, it’s important that you read through it to make sure the infor- mation is being reported correctly. If you find any information that is incorrect or accounts that don’t belong to you, you’ll need to submit a dispute letter to the credit-reporting agency.
In this Account History section, your accounts are divided into five cat- egories—Real Estate, Revolving, Installment, Other, and Collection, and the following information is included for each of the five types of accounts: