On the far right hand side of the report is the consumer payment history for the past 25 months. These codes reflect the monthly status of an account and are displayed for balance reporting loans. Collections and charge-offs are not graded. The last area of the report is named inquiries. This is a list of companies that have inquired about the applicant's credit, usually for the purpose of extending new or additional credit.
Numerous inquiries lower the applicant's summary score about two points per inquiry.
Remember, if you have any questions or need assistance, please call us 626 798-6670. You may also chat with us live by clicking on the human chat feature at the bottom of any page on this web site. Scores help businesses make decisions such as whether to accept or decline the application. Bankruptcy A proceeding in U.S. Bankruptcy Court that may legally release a person from repaying debts owed. Credit reports normally include bankruptcies for up to 10 years.