Credit Report
Credit reports usually list credit lines that you have had for several years. This includes current credit lines that have been paid on time, credit lines that have been closed, and credit lines experiencing problems. Credit lines on your credit report can represent credit carts, debt collectors, student loans, car loans, mortgages, or any other form of received credit.
Bad Credit Issues
Credit scores will be lowered by items in “delinquent credit lines” section of your credit report. It will include items that you have been late in paying, or have stopped paying. This may include credit cards that were late once years ago, and items that are bad debt collections. If you do not recognize a name on the credit report, generally this means that the debt has been passed to a collections agency.
Credit Reporting Agencies
Credit reporting agencies collect information from your different credit lines, and are fed all kinds of information about payment and credit habits. If a problem exists with a creditor, it is important to resolve it directly with them and to receive written verification that the debt has been paid off or the issue has been resolved. You can supply this documentation to a credit reporting agency to make sure that they update the information.
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