3-in-1 Credit Report

This section of your 3-in-1 Credit Report contains publicly available legal matters affecting your credit such as bankruptcies etc. It also contains information on any inquiries made by creditors, lenders and employers into your credit report.

This information, combined with your Credit History (See Part 2) greatly affects your Credit Score, and for this reason you should make sure that there are no errors or otherwise faulty information contained in it.

Any wrong bad information that’s on your report can have adverse affect on your credit worthiness, costing you hundreds of dollars annually in excess interest rates and monthly payments. Any time spent on a thorough check up of your three in one credit report will pay itself time folds.
For more information on how your Credit Score is calculated and how the information here affects it see Fico Score Rating.

– PUBLIC RECORD INFORMATION
This section of your 3-in-1 Credit Report lists publicly available information about legal matters affecting your credit such as bankruptcies, judgments against you in civil actions, state or federal tax liens, state and country court records, and, in some states, overdue child support.

Depending on the type of account, a public record can remain on your credit report between 7-10 years. Only financial information appears in this section, not criminal arrests or convictions. Because public records can severely damage your credit, it’s best to keep this section clear.

For each public record, some or all of the following information may appear:

Type:	The type of record, such as Bankruptcy, Tax Lien, Legal Item, Judgment, etc.
Status:	Current status of the record.
Date Filed/Reported:	The date when the record was initially filed or reported.
How Filed:	The role that you play in the record. Records are usually filed either individually or jointly.
Reference #:	Identifying number associated with the record
Closing/Released Date:	The date when the record was closed or the judgment awarded.
Court:	The court or legal agency that has jurisdiction over the record.
Amount:	Dollar amount of the lien or judgment.
Remarks:	Any remarks made by you or the court and that are included in the public record.

If the public record is a Bankruptcy, the following three fields will also be included:

Liability:	The amount the court found you to be legally responsible to repay.
Exempt Amount:	The amount claimed against you, but which the court has decided you are not legally responsible.
Asset Amount:	The amount of total personal assets used in the court’s decision, including items of value that can be used to pay debts.

– INQUIRY INFORMATION
This section of your 3-in-1 Credit Report lists all the inquiries that have been made into your credit report in the past two years.

There are two types of inquiries:

“Soft” inquiries consist of inquiries made by lenders for promotional purposes, or when you request a copy of your credit report.

“Soft” inquiries do not negatively affect your credit standing. They are shown on your report, but not on the lenders’ copy.

“Hard” inquiries are made by lenders (e.g. bank, retail store or a credit card company) who check your credit report to approve your credit application.

These types of requests can only be made if you have a credit granting relationship or are applying for credit with the organization. The requestor’s name will appear on your credit report, allowing you to monitor who accessed your credit report.

An excessive number of “Hard” inquiries may adversely affect your credit worthiness.

It is important to note that while your credit report includes both types of inquiries, (i.e. “Soft” & “Hard” ones) only “Hard” inquiries are shown to lenders, and only “Hard” inquiries affect your credit standing.

For each inquiry the following details are included:

Creditor Name:	Name of potential creditor/lender who made the inquiry.
Date of Inquiry:	Date the inquiry was made.
Credit Bureau:	Name of the credit bureau whom the creditor/lender accesses for a copy of your credit report.

– CREDITOR INFORMATION
This section of your 3-in-1 Credit Report contains contact information of all creditors and lenders (active & potential) that appear on your credit report.

Contact information is included for both creditors that appear in your Account History section and creditors that appear in the Inquiry Section.

Each creditor address is listed to the right of the creditor’s name. When available, the creditor’s phone number is also listed. Creditors without listed numbers must be contacted via the U.S. Postal Service.

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3-in-1 Credit Report – Part 3