Fast Answers: Savings & Spending
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Answer: Savings & Spending, Credit, Credit Reports
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What is actually in a credit report?
You can expect your credit report to show this information for each credit account:
- Name of creditor
- The type of account
- Terms
- Amount of the original debt or credit limit
- Balance outstanding on the most recent report
- Whether payments were made late during the reporting period
Credit reports are seldom complete. Some card issuers don’t report to credit bureaus out of respect for customers’ privacy. Many gas credit cards report only delinquent accounts.Most credit grantors are primarily interested in the last 12- or 24-month reporting period. Many credit bureaus routinely delete older information from their files. However, a bankruptcy can stay on a credit record for up to 10 years and debts that a creditor writes off as "uncollectible" can remain for seven years.Return to Questions
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