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UNDERSTANDING & EVALUATING YOUR CREDIT REPORTS
When you evaluate your credit report it's important to look at each account separately. Put each account into a specific category (use "Account
Interpretation Form" in Appendix 3).
When you examine each report, pay attention to how they report your payment history, status date or date of last activity and account comments.
It is important
to remember that according to federal law, your account status and dates must be ACCURATE and VERIFIABLE! (refer to the FCRA, Section 611, in Appendix 5).
Below we discuss each important factor of your credit
file and how it is noted on each bureaus file.
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