More than half of the population have no idea what a credit report is. This is sad because it affects every aspect of our life. This is what prompted me to create the 5 minutes video below. In the video you are about to watch I explain exactly what a credit report is. I explain it so that a 2 year old can understand.

If you feel I am isulting your intelligence, by explaining the information in the video so that a 2 year old can understand, that is definitely not my intention, while it is easy for you to comprehend the information quickly, not everybody have the same learning pattern. This is the reason why I explain the information the way I do.

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Your credit report is broken down into four sections:

(1) Personal information

This section contain your name, address, social security number, date of birth and employment history.

(2) Credit history

This section contains account details such as open date, credit limit, loan amount, balance, payment terms and history.

(3) Inquiries

This section contains record of who has requested a copy of your credit report.

(4) Public Records and Collections

This section contains liens, bankruptcies, delinquent child support, judgments, items handled by collection agency.

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