WROC Rochester First
CPA Jim Marasco discussed the concept of credit and how it impacts us Monday on News 8 at Sunrise. Marasco said a credit report is an accumulation of information about how you pay your bills and it starts sooner than many people think. All credit reports as used to generate credit scores and contain general information such as your name, address, Social Security number, date of birth and employment information. They also list what types of credit you use, the length of time your accounts have been open, and whether you pay your bills on time. Credit reports also contain credit inquiries - a list of everyone who accessed your credit report within the last two years - as well as public records which could include bankruptcies, foreclosures, suits, wage attachments, liens and judgments.