Understanding a Credit Report Piece by Piece

How to Read and Understand a Credit Report

How good are you at reading credit reports? I've been reading credit reports for almost 3 decades on prospective tenants, so it never occurred to me that this would be a stumbling block for many of our new credit report customers. If it is new to you, it can be confusing, but don't worry.
It is very easy!

We dissected a TransUnion credit report to show you one section at a time the components and what they mean.

Section 1: The first section of a TransUnion Credit Report, is "Applicant Information".
This should be checked against the applicant information on your rental application.

Section 2: The "Credit Summary" is a brief breakdown of the credit report account (tradeline) statistics.

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