How To Read Credit Report Codes?

A credit report includes information and data regarding the financial activities undertaken during the entire year. The information and data contained in a credit report are related to the payment history of either credit account or loan account. Credit reports are prepared by credit report agencies. Popular credit reporting agencies in the USA are Experian, Equifax and TransUnion. You can browse your own credit report file prepared by any of these agencies at www.annualcreditreport.com after a cycle of 12 months. You can also get your credit report file printed at the website.

Reading credit report codes is a daunting task for many. If you are browsing your credit report for the first time and you do not know how to read credit report codes, it would be a very embarrassing situation for you. You may take the help of the following tips to know how to fare.

  • Visit the above-mentioned website and start browsing your credit report data to form a basic idea of the contents.
  • Make sure that your contact information that is listed is correct.
  • You should also verify your previous address and the name of your employer.
  • Want more information on how to find free credit report from the government

How to Read Credit Report Trans Union?

Credit report TransUnion can be viewed at the TransUnion Payment History section. This section contains the codes which appear at the right side of the text file. It displays your payments for a time period pertaining to each account.

How to Read Credit Report Experian?

You can read your Experian report at the Trades section. Here, you are able to view your payment history related to bank cards and loans as you go through credit report codes. Except a few variations, Experian codes are similar to TransUnion codes.