Credit Profile, understanding it is very important.Your profile lists what types of credit you use, the length of time your accounts have been open, and whether you've paid your bills on time. It tells lenders how much credit you've used and whether you're seeking new sources of credit. It’s a picture of how you paid back the businesses you have borrowed money from. It also shows how you have met other financial obligations. Credit scores are not part of this profile. There are usually five categories of information on a profile: There are many items that are NOT included on your credit file, including: If for any reason you believe that your credit file has been compromised you need to take immediate action. For additional information on your credit profile and how to do credit repair if you need it, click here. |