Seven Personal Details That Will Never Appear Your Credit Report

If you’ve scrutinized your credit report carefully, you may feel that this document reveals everything about you - your name, address, social security number, date of birth, and so on. Nevertheless, there are certain things that will never appear on your credit report. To find out what information is hidden from lenders, read on!

1. Your Income: As surprising as it may sound, the amount of money you make is never included in your credit report. This is because this figure depends on a lot of variables that cannot be determined with certainty. For example, if you are a salaried person, it is quite difficult to predict layoffs, raises, commissions, and bonuses that may influence your income. Moreover, your income (including unemployment benefits, alimony, child support or public assistance) is not really a measure of creditworthiness; rather it is a measure of your capacity to pay.
   
   
2. Loss of Job: In case this unfortunate event takes place, it certainly won’t find its way on to your credit report. While your current or past employers may be listed on the report (especially if you applied for credit with them or named them on your application), your current employment status will never be revealed.
   
   
3. Your Spouse’s Credit: Even if you are married, your credit report will not reveal details about your spouse’s credit. This is because marriage does not lead to a joint credit file. If you have opened a joint account or co-signed a loan with your spouse, those accounts may appear on your report. However, your relationship with the people who you have joint accounts with, as well as their names, will never be revealed. Nevertheless, be aware – you could fall into trouble if you live in a community property state and your spouse defaults on his or her individual debt. This is because if those accounts go for collections, they could appear on your report too.
   
   
4. Criminal Records: Many of us have done stupid things as teenagers. Luckily, criminal records, such as an arrest due to trespassing, will not appear on your credit report. However, there are some exceptions. Firstly, a financial mistake that involves the court, for example, a judgment or lien, could absolutely appear on your report. In addition, child support payments may also appear as regular debt on your report, along with any fine or ticket that you failed to pay, and which went for collections.
   
   
5. Private Medical Information: This will never appear on your report, so you don’t have to worry about your condition being revealed to insurance companies. Nevertheless, if you have incurred any medical debt, the amount may be revealed on your report, especially if the amount goes for collections. But there will be no information on the type of condition treated, or where you received the services.
   
   
6. Non-traditional Loans: If you have pawned some jewelry to obtain some much-needed funds, or if you sign for a car-title loan, these will not show up on your report. Even utility providers, such as power and phone companies, are missing from your report - unless of course, you default on your payments and the collection agency comes after you.
   
   
7. Assets, Including Your Net Worth: How much money you have in the bank, the value of your stock options, and any other assets are not listed on your credit report. Even the value of your home, or home equity, does not appear on your report - unless you have a mortgage or a lien on the property.

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