Credit & Debt · 11 min
Reading Your Credit Report
Walk the four sections of a report and learn what to dispute.
A report has four parts: identifying information, accounts, public records, and inquiries. Read them in that order.
Check that every account is genuinely yours, that balances and limits are accurate, and that closed accounts show as closed. Errors in these fields are common and are worth documenting.
Consumer credit law gives you the right to request your reports and to dispute inaccurate information. For a specific dispute or legal question, speak with a licensed attorney or a nonprofit credit counsellor.
Key takeaways
- Four sections: identity, accounts, public records, inquiries.
- Verify limits and balances, not just account names.
- You have the right to dispute inaccurate entries.
Knowledge check
Which section of a credit report lists who has recently requested your file?
DisclaimerMoor Capital provides financial education and informational tools. Content is not individualized investment, legal, tax, credit-repair, or financial advice. Investing involves risk, including possible loss of principal.