The account history section of your credit report contains the bulk of the information. This section includes each of your credit accounts and details about how you’ve paid. Your account history will be very detailed, but it’s important that you read through to make sure the information is being reported correctly.
Each account will contain the several pieces of information.- Creditor name of the institution reporting the information.
- Account number associated with the account. The account number may be scrambled or shortened for privacy purposes.
- Account Type, i.e. revolving account, education loan, auto loan.
- Responsibility. This indicates whether you have individual, joint, or authorized user responsibility for the account.
- Monthly payment is the minimum amount you are required to pay on the account each month.
- Date opened. The month and year the account was established.
- Date reported is the last date the creditor updated the account information with the credit bureau.
- Balance. The amount owed on the account at the time data was reported.
- Credit limit or loan amount.
- High balance or high credit is the highest amount ever charged on the credit card. For installment loans, high credit is the original loan amount.
- Past due. Amount past due at the time the data was reported.
- Remarks are comments made by the creditor about your account.
- Payment status. Indicates the status of the account, i.e. current, past due, charge-off. Even if your account is current, it might contain information about previous delinquencies.
- Payment history. Indicates your monthly payment status since the time your account was established.
Collection accounts may appear as part of the account history or in a separate section. Where it appears depends on the company providing your credit report.
