Page 28 - Book7E

20
Sample Credit Report
• I–
• U–
• J–
• A–
• M–
• T–
• C–
• S–
Individual Undesignated
Joint
Authorized User Maker
Terminated Co-maker/Co-signer Shared
4 . Type: The type of account. Some common account types are Real Estate, Automobile, Educational, and Credit Card.
5 . Condition: A detailed description of the account’s payment status as of the last reported date.
6 . Responsibility: The role that you play in the account. For example, “Individual” or “Joint.”
7 . Pay Status or Account Status: The state of the account. For example, “Open” or “Closed,” “Current,” “Past Due,” and “Charge-Off.” Even if your account is current, it might contain information about previous delinquencies.
8 . Date Opened: The date the account was opened.
9 . Date Reported: The last date when any activity in this account was shown. Activities include payments, credit card billings, etc. Very recent activities may not show up on your account, since it takes time for them to appear in the bureau’s computer system.
10 . Balance and Limit: The amount you presently owe on the account (based on the last reported activity) compared to the maximum amount of credit approved. Very recent activities may not yet have appeared in the bureau’s computer system, so this balance may be out-of-date by a few days.