Experian Credit Profile

What Is An Experian Credit Profile?

Anyone who has applied for credit, and who has received it, has a credit history. That credit history is recorded on a credit report that becomes part of your record.

A credit report contains information about you such as your name, address, social security number, credit cards, car loans, student loans, how much you owe your creditors, your payment history, court judgments (such as bankruptcy), etc.

Your credit report is obtained by various people, such as mortgage lenders, insurance providers and employers. Because credit reports contain confidential information, only lenders you have been in contact with for whom you are seeking credit or who have given you credit have a right to see your credit report.

There are a few credit bureaus which collect this information, and one of them is Experian.

1. How Is An Experian Credit Profile Obtained?

The Experian credit bureau will get information from a variety of sources, including your creditors and any information found in public records. If you want a copy of your credit report and FICO score from Experian, you can do so at the Experian website.

2. What Is A Fico Score?

A FICO score is a credit score that FICO creates. It bases its score on your present credit history. Scores range from 300 to 850. The lower the score, the worse the person’s credit. Lenders may take a risk with an individual who has bad credit, but some lenders may not.

3. Does Experian Make Decisions About Credit?

No. Experian collects information for a credit report. That information is then given to lenders who decide whether or not to give credit to the person applying for it.

4. How Long Does Information Stay On An Experian Credit Profile?

Your information stays on an Experian report for approximately seven to ten years. Serious information, such as criminal convictions, can remain on your report for longer than ten years.

5. What Can Be Done If There Is Fraudulent Activity On An Experian Report?

In the 21st century, identity theft is more and more common. Identity theft affects many areas, including credit reports.

To fight identity theft, it’s important for people to be proactive.

1. Review your credit report on a regular basis. Sign-up for credit monitoring services.
2. Add fraud alerts to your credit report. This will notify lenders to verify your identification before credit is issued in your name.
3. If there is fraud on your credit report, notify your police department and file a report.
4. Notify all of your lenders if there is fraud on your credit report.

Credit reports are a part of life if you have ever worked with a lender who has given you credit, whether it be in the form of a credit card, mortgage, student loan, car loan, and more. An Experian credit profile is complexed, but professionals exist to help you understand your credit score and how to manage it. If you have bad credit, there are also debt counselors who can help you get back on track to improve your credit score.

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