Every credit reporting agency has its own format and reports your information differently, but all three credit reports for the major bureaus will generally contain the same information. Your report will contain both personal, identifying information which is not a factor in your score calculation, as well as, information used for scoring like payment history, credit utilization, and length of credit, inquires and judgements.
Personal Information That Identifies You
Your personal information like your name, both married and maiden, current and former addresses, your date of birth and employment information will show up on your credit report to identify you. Contrary to popular belief, none of this information is used in your score calculation. This information is updated when you apply for new credit.
Also known as Trade Lines, your accounts are how your lenders report your payment history, balance and account status on your report. This could range from your mortgage, to credit cards, auto and personal loans. The date you opened and closed the account will be present as well.
Inquiries for New Credit
Whenever you apply to a new line of credit, you’re allowing that creditor to pull a copy of your report, known as an inquiry. An Inquiry will drop your credit score a few points every time, and it will stay on your report for two years.
“Credit reporting agencies also collect public record information from state and county courts, and information on overdue debt from collection agencies. Public record information includes bankruptcies, foreclosures, suits, wage attachments, liens and judgments.” -MyFico.com
What are some things that don’t show on my credit report?
The good news is, there are things that don’t show up on your credit report, which you might have heard otherwise.
Your score does not go down every time you move. While your address history is on your report, it does not affect the calculation of your credit score on any level.
Your Salary is not reported on your credit report and holds no weight in your score calculation. Neither does other forms of income like unemployment, alimony, child support or public assistance. However, if you’re applying for new credit a combination of your salary and credit history could be used to determine if you’re lend-able.
Your Employment Status
Rest easy: Your current employment situation will not show on your report.If you’re unemployed your score won’t go down or up.