Whether you are planning to review the information for accuracy, or are about to begin the credit repair process, understanding your credit report is a fundamental skill. By knowing what the information contained in your report means, you will be better equipped to dispute any inaccurate information or fight to have negative items removed.

artistic-1238606If you haven’t really looked at your credit report before, it can be a bit intimidating. There are pages and pages of information to sort through, and the information listed can be confusing. To help you prepare, here is a section by section guide. It is designed to help you understand the information you are reviewing, and make the process much more comfortable.

So grab a copy of your credit report, a pen, and a highlighter, and let’s dig in.
Personal Profile

The personal profile is the section that is all about you. It will show your name, date of birth, and current address. You will also see previous addresses, information on your employers past and present, and any names you have previously used, such as a maiden name.

Whether you are planning to review the information for accuracy, or are about to begin the credit repair process, understanding your credit report is a fundamental skill. By knowing what the information contained in your report means, you will be better equipped to dispute any inaccurate information or fight to have negative items removed.

artistic-1238606If you haven’t really looked at your credit report before, it can be a bit intimidating. There are pages and pages of information to sort through, and the information listed can be confusing. To help you prepare, here is a section by section guide. It is designed to help you understand the information you are reviewing, and make the process much more comfortable.

So grab a copy of your credit report, a pen, and a highlighter, and let’s dig in.
Personal Profile

The personal profile is the section that is all about you. It will show your name, date of birth, and current address. You will also see previous addresses, information on your employers past and present, and any names you have previously used, such as a maiden name.

While this section seems like a part you can just glance over, you actually want to examine it closely. Check the spelling of your name and any provided aliases, and make sure only names that you have used are displayed.

If there is an incorrect spelling, or an alias you have never used, you will want to dispute the information. Normally, incorrect spellings occur when your name was accidentally misspelled when you previously applied for credit. Since this spelling was associated with your Social Security number when you applied for credit, and reports are pulled based on Social Security number matches over name matches, the mistake is connected to your account unless you take action.

However, seeing incorrect information sometimes means your report has become mixed with someone else’s. That means your credit report can be affected by the actions of another person. Depending on their habits, this could do serious harm to your credit score, so these mistakes should be remedied immediately.

For every incorrect item, or any items you want to dispute, consider highlighting the line and make a small note next to it regarding your planned action. That way, when it comes time to organize your disputed information, you can quickly find it and remember what you intended to do.

You will want to follow the same process for each of the following subsections within your personal profile:

  • Current and Previous Addresses
  • Current and Previous Employers
  • Date of Birth
  • Social Security Number

Correcting this information provides plenty of benefits. It can lower your risk of identity theft and prevents erroneous information from being connected to your credit report. Take your time as you look the information over.

If you find any points you would like to dispute, you can find dispute letters for Personal Profile information are provided in the Dispute section of the Elite Credit Repair Kit Guide.

Inquiries

An inquiry is just a fancy way of saying a business has pulled your credit report. Whenever you apply for new credit, and consent to having your credit report examined during the process, you will see an inquiry listed. Each inquiry will show the name of the business that requested the information, as well as when the inquiry took place.