Your credit report contains several pieces of crucial information, such as your credit history, the different types of credit you have previously used, and for how long, any outstanding debts you may have, and how frequently you made payments on the agreed-upon due dates every month.
The data within your credit report is used by various lenders and creditors to determine your financial responsibility, and whether or not you are a risk in terms of extending credit.
Credit reports contain data from four main categories of personal and financial information.
Personally Identifiable Information (PII): Refers to personal information that can be used to identify you, such as your full name, current and previous address, date of birth, and social security number.
Credit Accounts: Each credit account you have opened with various creditors and lenders.
Credit Inquiries: Inquiries are a record of who has accessed you credit report and on what date. Hard inquiries are made each time you apply for a new line of credit, while soft inquiries are made each time you view your credit report.
Public Record and Collections: Refers to personal information such as bankruptcies, debt collections, and any pending legal issues.
However, credit scores are not shown on your credit report because they represent a different insight into your credit. Credit reports indicate your credit activity, while credit scores reflect a calculation of your credit activity.