Do only credit bureaus keep track of your payment history?

Credit bureaus normally keep records of your payment history for seven to ten years. Credit bureaus are in business to make money. They make money by selling information on consumers’ credit records and credit ratings to other businesses and individuals, such as landlords or insurance companies.

Who can see your credit card history?

Current or potential creditors — like credit card issuers, auto lenders and mortgage lenders — can pull your credit score and report to determine creditworthiness as well. Credit history is a major factor in determining (a) whether to give you a loan or credit card, and (b) the terms of that loan or credit card.

Will a credit report show all credit cards?

While your credit report features plenty of financial information, it only includes financial information that’s related to debt. Loan and credit card accounts will show up, but savings or checking account balances, investments or records of purchase transactions will not.

Can lenders see your payment history?

Your credit history This information can be found in your credit reports, allowing mortgage lenders to see if you’ve missed payments, made late payments or opened many new accounts in a short amount of time.

How long is payment history on credit report?

seven years
How long do late payments stay on your credit report? Late payments remain on your credit reports for seven years from the original date of the delinquency. Even if you repay overdue bills, the late payment won’t fall off your credit report until after seven years.

How much of credit score is determined by payment history?

35\%
The five pieces of your credit score Your payment history accounts for 35\% of your score.

Can debt collectors see your credit report?

Thus, if you owe money to a debt collector, the debt collector has the legal right to pull and review your credit report. Because collection agency inquiries are hard pulls, repeated inquiries from a debt collector can hurt your credit rating.

When someone runs your credit what do they see?

They report the type of account (credit card, auto loan, mortgage, etc.), the date you opened the account, your credit limit or loan amount, the account balance and your payment history, including whether or not you have made your payments on time.

Do all credit reports show the same information?

Information provided to the credit bureaus: The credit bureaus may not receive all of the same information about your credit accounts. If errors only appear on one bureau’s report, then your credit score from that report may differ from another that has no errors.

Do lenders see closed accounts?

It can take one or two billing cycles for a loan or credit card to appear as closed or paid off. That’s because lenders typically report monthly. Once it has been reported, it can be reflected in your credit score. You can check your free credit report on NerdWallet to see when an account is reported as being closed.

Do lenders look at credit card statements?

Yes, a mortgage lender will look at any depository accounts on your bank statements — including checking and savings — as well as any open lines of credit.