Credit Report is a detailed information of an individual’s credit history prepared with a credit bureau and used by a lender to in determining a loan applicant’s creditworthiness, including:

1. Personal information (current with previous addresses, social security number, employment history)
2. Summary of credit record (number with type of accounts that are past-due or in good standing)
3. Detailed account data
4. Inquires into applicant’s credit record (number with type of inquiries into applicant’s credit report)
5. Details of any financial records turned over to credit agency (such as information  about liens, wages garnishments via federal, state or county records)
6. Data on how to dispute any of the above data.

Once negative data appears on your credit report, there is a few you can do to clear it up if the data is truthful and accurate. Normally such information remains for about seven years, while bankruptcy filings typically continue on the credit report for about 10 years.

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