CRN Nevada

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As I wrote the blog about what is included in your credit report I began thinking that it would make some sense to put something together for you that addresses what is not included in your reports.   It would be easy for one to assume that anything which was not on my list was not included in your report, but let me outline some common myths about what people think appears on credit reports.

While your credit report contains a significant amount of information related to your credit history, there are certain types of information that are not included in your credit report. Here are some examples:

  1. Income: Your credit report does not contain information about your income or employment history.  When you hear about debt to income, that is something which is figured by an underwriter when you fill out a loan application. That is not information which is included on our reports.
  2. Criminal History: Your credit report does not include information about any criminal history you may have.
  3. Personal Information: Your credit report does not include information about your race, ethnicity, religion, political affiliation, or medical history.
  4. Checking or Savings Accounts: Information about your checking or savings accounts is typically not included in your credit report.  The one exception to that rule is that information from your bank account is used for the Experian Credit Boost, access to rental and utility payment information is required to complete the boost and it happens when you synch your bank account up with their portal.
  5. Rental History: Unless you have a history of non-payment or eviction, your rental history is usually not included in your credit report.
  6. Spouse’s Information: Your credit report only includes information about your credit history, not your spouse’s.
  7. Marital status.  The credit bureaus do not report on your marital (or divorce) status.

It’s important to note that while the above information is not included in your credit report, it may still be used by lenders and other organizations when making decisions about your creditworthiness or eligibility for certain products or services.  Keep in mind that if you are declined credit for ANY reason, it is a requirement under the Fair Credit Reporting Act that you are provided with a letter detailing the information which was used to arrive at the financial institution’s decision.

About Harry Jacobs:

Harry Jacobs is the Founder of Credit Restoration of Nevada. He is widely regarded as one of the experts in the field of credit, credit repair and credit restoration. His knowledge of Fair Debt Collection Practices and the Fair Credit Reporting Act make him a tremendous resource for consumers and consumer law firms.