Making Sense Of Your Credit Report

Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer with little money down, we offer Kentucky Housing or KHC loans with down payment assistance.

RPM Mortgage, Inc.

Woman looking over Credit Report.

A credit report offers a summary of your financial life, including your loan payment history and the status of your credit accounts. Lenders use these reports, along with other information, to evaluate what lending options you qualify for.

What is in a credit report?

Credit reporting companies collect information from public records and companies you do business with in order to compile your credit report. Each credit reporting company formats and reports information differently. However, all credit reports contain essentially the same categories of information. Each category is broken down below:

Identifying Information

Your name, address, Social Security number, date of birth and employment information are all used to identify you on your credit report. This comes from the information that you have provided to lenders, and is used solely for identification purposes.

Trade Lines

Trade lines represent a list of your total number and history of credit accounts. Lenders…

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