It basically refers to the information that belongs to us, for example:

• Names
• Birthday date
• Current and previous address
• Current job
• Telephone and SSN.

This information has no impact on the SCORE, but it is just as important how CREDIT BUREAUS uses this information to verify identity, and if something here is incorrect or out of date, your security may be compromised.

In a credit report, it is shown as INQUIRIES in the loan or credit application history.
Normally an application can have a negative impact on the SCORE, for each one of them we lose 3 to 5 points, whether they are approved or denied.

They are all those records that have gone through a previous cutting process, are publicly accessible as their name indicates, and are very generally cataloged in 5:

• Sentence: Power of attorney to enforce a debt collection, this power must go through a judicial process and must be approved by a judge.
• Lien: It is a blockade that prevents the sale or refinancing of a property, this power must go through a COURT process and must be approved by a judge.
• Tax lien: It is a block that prevents the sale or refinancing of a property, this power should NOT go through a COURT process since it is a block that comes directly from federal or state entities, for example, the IRS or the FTB.
• Eviction: It is the legal power that a judge assigns to a tenant in a judicial process to evict a person from a rental place, mainly for breach of the lease or for non-payment.
• Bankruptcy: It is a right that you have as a citizen or resident to be able to seek a solution to the debts you have when you cannot pay them. There are many types, the most common are:
  CHAPTER 7, where you don’t have to pay anything if the judge determines you qualify; CHAPTER 13, where you pay only a percentage of the debt if the judge determines that you qualify; CHAPTER 11, where it is mainly used for company restructuring.

It is the beginning of all negative information. It is precisely what the name indicates, the fact of delaying the payment, even if it is one day late or for an amount less than the minimum payment that must be paid; This is reported to the credit bureaus and seriously affects the score.

It is part of 35% of the ENTIRE SCORE.

It is a lost account, the bank declares it as lost once no payments are recorded for a period of 6 consecutive months; This type of account greatly affects the ability to take new credits, the SCORE, and the image of the credit.

Collections are collection companies that are dedicated to buying debts that are declared uncollectible by the owners of the debts.

Repossession is the process in which you enter a secured loan, commonly automobiles; when a secured loan is declared lost and replaced, the car is repossessed by the lender or creditor and is typically auctioned for a smaller amount to get the money back and a balance of the debt is assigned to the consumer.

It is a short home sale that is available at a purchase price less than the amount owed by its current owner. The transaction benefits the bank by allowing it to avoid repossession of the home from foreclosure, which is costly and time-consuming. The seller avoids the credit shock that comes with foreclosure and the bankruptcy that sometimes accompanies it.

It is the monthly payment that a father must make for the economic benefit of a child, it can also be known as maintenance. It is reported as negative information when a payment is missed or when a late payment is made and that is when it can really affect credit.

It is what happens when a homeowner defaults on the mortgage. More specifically, it is a legal process whereby the owner loses all rights to the property. If the owner is unable to pay the outstanding debt or sell the property through a short sale, the property goes to a foreclosure auction. If the property is not sold there, the lender becomes the owner of the property.

It consists of loans for students whose purpose is to help finance higher education expenses, such as those of a university or institute. When late payments are incurred, it affects your personal credit.

Medical debt refers to people’s debt due to health care costs and related expenses. Medical debt is different from other forms of debt, in that it usually occurs accidentally or through no fault of your own; which can usually be reported multiple times on your credit.