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Sample Credit Report
If the public record pertains to a bankruptcy, other information could be included:
1 . Liability: The amount the court found you to be legally responsible to repay.
2 . Exempt Amount: A dollar amount claimed against you, but an amount in which the court has decided you are not legally responsible.
3 . Asset Amount: The dollar amount of total personal assets used in the court’s decision. The Asset Amount can include items of value that can be used to pay debts.
Inquiry Information
As you move along in the credit report you’ll likely see an Inquiry Information section that provides details about each inquiry into your credit history, usually within the past two years. Details include the name of the creditor or potential creditor who made the inquiry and the date when the inquiry was made.
An inquiry appears when an organization such as a bank or retail store requests a copy of your credit report. This section contains a list of the organizations that have received your credit report in the last 24 months. These requests can only be made if you have a credit granting relation- ship or are applying for credit with the organization. The requestor’s name will appear on your credit report, allowing you to monitor who accessed your credit report. While your version of the credit report lists several inquiries, not all of these appear on the lenders’ and creditors’ versions. Only “hard” inquiries are shown to lenders. These are inquir- ies made when a lender checks your credit report to approve your credit application.
It’s important to note that an excessive number of inquiries may adversely affect your creditworthiness. If you find the names of busi-