What is in a credit file?

What information can you find in a credit file?

Credit Accounts

They report the type of account (credit card, auto loan, mortgage, etc.), the date you opened the account, your credit limit or loan amount, the account balance and your payment history, including whether or not you have made your payments on time.

What are the 6 sections of a credit report?

Understanding the Different Sections of Your Credit Report

  • Personal profile.
  • Accounts summary.
  • Public records.
  • Credit inquiries.
  • Account history.
  • Your 100-word statement(s) (optional)
  • Credit score (optional)

Is 850 a good credit score Canada?

In Canada, 850 is an excellent credit score. If your credit score is at this level, congratulations! You’re doing exceptionally well in managing your finances and credit.

Do credit reports include bank accounts?

Your bank account information doesn’t show up on your credit report, nor does it impact your credit score. … When applying for loans and/or credit cards, lenders first look at your credit score and credit report to see your open and closed credit accounts and loans, as well as details about your payment history.

What is considered a good credit score?

Generally speaking, a credit score is a three-digit number ranging from 300 to 850. … Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

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What are the 3 most common credit report errors?

These are the three most common errors related to personal information on credit reports:

  • Wrong Address: 56%
  • Misspelled Name: 33%
  • Wrong Name: 17%

What are the four main sections of your credit report?

Each credit report has four basic categories: identity, existing credit information, public records and recent inquiries.

Is a 900 credit score possible?

A credit score of 900 is either not possible or not very relevant. … On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That’s because higher scores won’t really save you any money.

Is 872 a good credit score?

An 872 credit score is excellent. Before you can do anything to increase your 872 credit score, you need to identify what part of it needs to be improved, plain and simple. And in order to identify what needs to be improved, you should probably be aware of all the things that count and don’t count towards your score.