How To Read An Equifax Credit Report - Page 2
Inquiries
Any inquiries against your credit file will be listed in this section. This section is divided into two subcategories: (a) Inquiries that display to companies and may impact your credit score. (b) Inquiries that do not display to companies and do not impact your credit score.
"Inquiries that display to companies and may impact your credit score" These are inquiries by potential creditors who are assessing whether to extend you a line of credit or not. Your credit score will be minimally affected and therefore these inquiries should not be of major concern, unless there are some red flags. The name of the company that requested the information and the date they requested it will be listed.
"Inquiries that do not display to companies and do not impact your credit score" Unlike the previous inquiries - these do not "hurt" your credit score. They include inquiries for pre-approved credit lines, insurance, or account reviews by existing creditors. The name of the company that requested the information, the date they requested it and the type of inquiry will be listed.
Collections
Any accounts that have gone to collections will be listed here along with the name of the creditor, date reported, creditor type, your account number, original amount, dates of delinquency, outstanding balance and status information.
Public Records
Bankruptcies, liens or judgments information from federal, state or county court records will be listed here. Each public record will indicate the type of record, case number, amount in default and any relevant information associated with that particular case.
You may also find the following credit report terms helpful:
- CURR ACCT - Account is current in payments and in good standing.
- CUR WAS 30-2 - Account is current was 30 days late twice.
- PAID - Account has been paid off and has a $0 balance and is inactive.
- CHARGEOFF - Unpaid balance on account was reported as a loss by creditor and the creditor is no longer seeking reimbursement.
- COLLECT - Account is severely delinquent and assigned to collections.
- FORECLOS - Property was foreclosed.
- BKLIQREQ - Debt was forgiven due to Chapter 7, 11 or 13.
- DELINQ 60 - Account is 60 days delinquent.
- INACTIVE - Account is inactive.
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