Your credit report will give you a whole lot of information that potential creditors look at when deciding if they will give you credit or not. So if you’re planning on applying for a loan, credit card, or anything else, knowing what your Experian credit report says is an important step.
The first thing you will find on your Experian credit report is your identifying information. This identification is information like your name and any other names you have gone by (such as a maiden name or adoptive name), your current and former addresses, and your current employer. All this information is used to ensure you are the person reflected on the report.
From there, you’re going to see information about your various accounts. This information includes personal loans, credit cards, student loans, car loans, mortgages, and any other type of credit you may have. Also, these accounts stay on your credit report for up to seven years after you resolve them.
Resolving an account could mean paying it in full or reaching a settlement with the creditor, or it could be the account being canceled by the creditor and reported as collections. Good accounts are those that are closed or that have no balance with no late or missed payments.
Experian Credit Report for Missed Payments
Negative accounts might have a few or several missed or late payments or those that are closed through collections. Closed accounts due to judgments or bankruptcies will also harm your credit report.
Your good and not-so-good credit information make up your Experian credit report. And that report will be what potential creditors look at to decide if they will give you any credit. If your score is low, they may choose to deny your application, while a higher score would give you a better chance of being approved.
By looking at your Experian credit report personally, you can get a better idea of what it says about you and whether or not the creditors you’re applying with are likely to approve your application. Knowing whether you’re probably going to get approved or not will help you decide if you want to apply for specific types of credit.
Suppose you’re looking for your Experian credit report. In that case, there are several ways that you can get it, but getting your report is only the start. CuraDebt can help you review your credit report and work on improving your credit score through debt negotiation, tax debt relief, and a whole lot more. That way, you can get on with your life again.