How To Understand Your Equifax Credit File

Here an idea of what you'll get in How To Understand Your Equifax Credit File

Table of Contents

How To Understand Your Equifax Credit File ......................................................... 1

Explanations and Frequently Asked Questions ..................................................... 1

What is a Credit File? ............................................................................................ 9

Want To See What’s On YOUR Credit File? ........................................................ 10

Equifax ................................................................................................................. 11

Individual Identity ................................................................................................. 14

Comprehensive Score (Credit Score) .................................................................. 15

How Is The Score Calculated? ............................................................................ 16

What Do Relative Risk, Applicant Odds, and Population Odds mean? ............... 18

Relative Risk (RR) ............................................................................................... 18

Applicant Odds .................................................................................................... 18

Population Odds .................................................................................................. 19

Summary of Characteristics or Headlines ........................................................... 20

• Known Identities:

Do you have any aliases, or any other credit files linked to this file .................... 21

• Age Of Credit File:

The time elapsed since the date your credit file was created. ............................. 21

• Adverse On file:

Do you have any defaults or other impairments on your credit file ...................... 21

• Current Directorships:

Equifax access ASIC public record information or have been advised you are the current Director of these Companies ................................................................... 21

• Previous Directorships:

Equifax access ASIC public record information or have been advised you were a previous Director of these Companies ................................................................. 21

• Credit Enquiries - Last 12 months:

Number of enquiries made against your credit file in the last 12 months ............ 21

• Credit Enquiries - last 5 years:

Number of credit enquiries made against your credit file in the last 5 years ....... 21

• Proprietorships:

Number of proprietorships in your name ............................................................. 21

• Total Value of Outstanding Defaults:

Dollar value of defaults that have not been paid or settled .................................. 21

• File Notes .......................................................................................................... 21

• Authorised Agents - Last 12 months .................................................................. 22

• Authorised Agents - last 5 years ........................................................................ 22

• Other Identifying Details .................................................................................... 22

• Commercial Credit Defaults .............................................................................. 22

• Commercial Credit Enquiries.............................................................................. 22

• Default Listings .................................................................................................. 22

o MyCRA (Specialist Credit Repair) Lawyers ...................................................... 22

o Credit Repair Work Is Legal Work .................................................................... 22

• Commercial Authorised Agent Enquiries ........................................................... 23

• Authorised Agent Enquiries ............................................................................... 23

• Consumer Credit Defaults ................................................................................. 23

• Consumer Credit Enquiries ............................................................................... 23

• Consumer Authorised Agent Enquiries .............................................................. 23

• File Access ........................................................................................................ 23

• Complaints ........................................................................................................ 24

• Bans .................................................................................................................. 24

Public Record Information ................................................................................... 25

Business Relationships ....................................................................................... 25

File Notes ............................................................................................................ 25

Bans .................................................................................................................... 26

Cross References To Other Files ........................................................................ 26

Other Possible Matching Files ............................................................................ 26

Credit File Frequently Asked Questions: ............................................................. 27

Do I Have A Credit File? ...................................................................................... 27

What's Recorded In Your Credit File? .................................................................. 27

Consumer Credit Information ............................................................................... 27

Commercial Credit Information ............................................................................ 28

Public Record Information ................................................................................... 28

How Your Credit File Gets Started ....................................................................... 29

Understanding Your Credit File ............................................................................ 31

Overdue Accounts ............................................................................................... 31

Payment Default .................................................................................................. 31

Clearouts ............................................................................................................. 33

Payment Status - Current .................................................................................... 33

How Long Does It Take For Information On My File To Be Updated? ................. 34

How Long Is The Information Held On My Credit File? ....................................... 35

Credit Application Refusal ................................................................................... 36

Minimise The Risk Of ID Theft ............................................................................. 38

What To Do If Your Identity Has Been Stolen ...................................................... 38

Keep Accurate Records Of Conversations .......................................................... 39

About MyCRA Lawyers ........................................................................................ 42

Credit File Repair ................................................................................................. 43

Here’s what a few other people just like have said about MyCRA Lawyers in the many Google Reviews ......................................................................................... 45

Get it on Amazon Now