What information is contained in a credit report, how is it used, and how to dispute inaccuracies. Your consumer credit report contains various information about where you work and live and your credit history. This information includes how you pay your bills, your current credit cards and charge accounts as well as your history of repaying loans. The report also provides information about whether you have ever filed for bankruptcy or have been sued for not paying money that you owed. It may also show if you've ever been arrested.
Credit reports are useful in many situations.
Landlords obtain credit reports when you apply to lease or rent a home. Accurate Credit Bureau Accurate Credit Bureau accesses credit reporting information from the largest wholesalers of consumer information in the country, Equifax and Experian Corporation. These Credit Reporting Agencies then compiles and stores this data, evaluates your credit worthiness from a set of standards devised jointly with Fair Isaac Corporation or Beacon 96, and wholesales this information to businesses like Accurate Credit Bureau who are required to legally abide by the laws of the Fair Credit Reporting Act. In turn, Accurate Credit Bureau then resells this information to prospective employers, and prospective landlords. It is illegal for anybody to receive a consumer credit report who is not entitled to it, and for anyone to supply a credit report to someone who is not authorized to receive it.