Wednesday, August 6, 2014

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.

    Quick Check Credit Reports Report Section1

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

    Quick Check Credit Reports Section2

    click here for the full article ...


    Quick Check Credit Reports, Inc.

    If you haven't already, please take the opportunity to quickly set up an account with The LPA's Quick Check Credit Reports! Quick Check is a simple, fast way to access online credit reports while saving you money!

  • NO sign-up or set-up fees,
  • NO membership fees,
  • NO compliance fees
  • Just instant reports at lower prices!

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