A credit report is a kind of credit note that contains information about your credit history, credit activities, and current credit situation such as the history of your loans and the status of your credit accounts. Credit bureaus collect credit information to create credit reports based on that information.
Negative information on your Experian credit report will remain in for almost 7 years but bankruptcy can stay on your credit reports for ten years. Positive information can stay on regularly, but most of that information can stay for almost 10 years.
Reading your credit report for the first time can be overwhelming on your side. But knowing the information that appears on your credit report and to check the credit report can make things easier.
There are four sections to read a credit report, these are the identifying information, credit history, public records, and inquiries.