Account Report : Understaning of different terms and its effects on credit score

[DTS]

Hi

I am trying to understand Account reports and its effects on credit score.

I am analyzing my account report and want to know the meaning of following terms.

Understanding of Account report
===========================

What do following terms mean? Do any one of these affect credit score? How?

1. Account Number : 'Not Reported' 
2. Desc:  "Charge' .
3. Desc:  'Credit Card' 'Real estate mortgage' 'Closed/paid/zero balance'.
4. balance: 'NR'
5.  There are balances zero in some Charge and closed accounts.
6. some accounts shows 'Status as of' date very old. 3-4 years old.
7. current status 'Inactive'
8. last Activity : some accounts reports back to date 3-4 years.
9. Date closed : Not reported
10.Credit Limit : NA
11. Account Type : Unknown

can someone help me tryong to understand above?

Thanks

DTS

[smallfry]

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@DTS wrote:

Hi

I am trying to understand Account reports and its effects on credit score.

I am analyzing my account report and want to know the meaning of following terms.

Understanding of Account report
===========================

What do following terms mean? Do any one of these affect credit score? How?

1. Account Number : 'Not Reported' 
2. Desc:  "Charge' .
3. Desc:  'Credit Card' 'Real estate mortgage' 'Closed/paid/zero balance'.
4. balance: 'NR'
5.  There are balances zero in some Charge and closed accounts.
6. some accounts shows 'Status as of' date very old. 3-4 years old.
7. current status 'Inactive'
8. last Activity : some accounts reports back to date 3-4 years.
9. Date closed : Not reported
10.Credit Limit : NA
11. Account Type : Unknown

can someone help me tryong to understand above?

Thanks

DTS

---

You reading from a FICO report? Get hold of your actual paper reports directly from the CRA's themselves. Barring that get the reports online from them. Once you see these the fields will make more sense. I think most of these terms are self explanatory. 

[RobertEG]

I agree with smallfry.  Sometimes dates reported in the commericial credit reports are a bit confusing because most of these reports are truncated and condensed.

To get a good idea of how your various accounts andreport dates flow, I suggest you order a copy of your free annual, non-commercial CR from each CRA by going on  annualcreditreport.com.  You dont have to purchase credit scores on that site.  Just order your free CR.

[DTS]

Thanks for reply. I have one more question.

In my FICO account details, single account shows up twice.   My   balance details  is also shown up on twice for same account.

Though this is single account, why it shows up twice? Does ut affect credit score? How to fix it?

Can someone help?

First:

6/23/2010 XYZ FEDERAL CREDIT UN  (XXXXXXXXX0111)
New balance: $100 Show/Hide Details

Account opened: 3/2003
Description: Credit card
Amount in H/C column is credit limit

  Previously reported Newly reported
Account balance: $38 $100
 

Second:
 

6/23/2010 XYZ FEDERAL CREDIT UN  (XXXXXXXXX0111)
New balance: $100 Show/Hide Details

Account opened: 3/2003
Description: Credit card
Amount in H/C column is credit limit

  Previously reported Newly reported
Account balance: $38 $100