How to read a TransUnion Credit Report?

Blog Post06/19/2018
Credit Score

A credit report contains different credit data that can help to proof your financial status. This infographic shows you how to read a TU credit report wisely.

 

How to read your Credit Report?

TransUnion Credit Report contains information about your financial history. You may find your credit or loan accounts and how you manage them in your credit report. It’s important to review your credit report regularly to better know your financial status and how creditors access your credit information. If this is the first time you get a credit report and not sure how to read it, here is a quick summary for you.

 

ACCOUNT SUMMARY

A snapshot of your credit profile that contains the following:

  • Current balances
  • Delinquent accounts
  • Open accounts
  • Credit utilization
  • Credit enquiries
  • Available credit
  • Depth of credit

 

PERSONAL INFORMATION

Make sure your name, address and other information are correct.

  • A typo cold mean someone else’s credit history is being linked to your report.

 

CREDIT ENQUIRIES

These are requests made by companies who want to view your credit history.

  • Too many hard enquiries can hurt your credit score.
  • If you don’t recognize these lenders, you may be an identity theft victim.

 

CREDIT ACCOUNTS

Review the statuses and balances of open and closed credit accounts.

  • Check for any remarks, especially a card is reported lost or stolen.

 

CREDIT SCORE

A numerical snapshot of your credit report.

  • Credit score ranges from A to J, where A is the highest score.
  • Maintains a good credit history is important to keep a good credit score

 

PUBLIC RECORDS

Records include any litigation relation to recovery of debt, and balances that can lower your score.

  • Most of these public records stay on reports for 7 years; filed bankruptcy petitions for 8 years

Wait, what about my credit?  I want my TransUnion Report & Score