The information in your credit report can make or break your next big purchase or charge card application. We have a good idea of what information is on the "tell-all" expose of our account history. Name, address, phone number, social security number, and date of birth are the most important pieces of information. There is more to think about than just the basic facts on your credit report. Many people might not know that aliases are also on the sheet. Your old phone numbers and address or addresses are also included. Even if you don't want your phone number to be public, it will still be on your credit report. Many people are surprised to learn that this document can include phone numbers that are not listed.
Your work history is another surprise that comes up. This may not make sense or seem fair, but we have to think about the person's ability to pay on time. So that can happen, the employment history has to be part of the credit report. This is because the organisation lending the money or the company giving the line of credit needs to know if the potential debtor has a stable source of income.
Some people are disappointed when their applications are turned down because they just started a new job. If a person has only worked for a company for a few weeks or months, he may not be able to get a loan or line of credit because his credit report doesn't show much history. The person hasn't shown that they're here to stay, and the creditor doesn't have much else to go on besides their payment history. If this is the first time he has tried to get in, he may not get in.
Some things aren't included in the information on your credit report. A future employer who does a search on you can't find out your age, race, or status as a married person. These things have nothing to do with work.
Both bankruptcies and debts that are more than seven years old are taken off the list. This is the rule of thumb, but it is always a good idea to look into your past. Some old debts might still come up, and bankruptcies might not go away right away. It's always a good idea to make sure the information on your credit report is correct.
