Experian credit reports provide you with the information on your credit state. Based on this information you learn whether or not you are likely to be granted credit. If you are not on the verge of being denied credit, you still can use an Experian credit report effectively to prevent such kind of situations. You can also find out what interest rate and credit limits you will be offered for mortgages, automobile loans and personal loans.

As you see the information contained in reports is very useful. However, to understand Experian credit reports you will have to learn how to read them.

Guide on reading Experian credit reports:

• First of all you should understand what is printed at the top of your Experian credit report: the date when the report was prepared, your name and report number.
• There is a section called "Potentially Negative Items,"which deserves your close attention. The section contains information related to things that can damage your credit score, such as: judgments against you, bankruptcies and tax liens.
• "Requests for Credit History" can be further subdivided into two segments: "Requests Viewed Only by You" and "Requests Viewed by Others." These sections as well are worth your attention.
• Self-explicit area called "Accounts in Good Standing" shows you current and past accounts that can be associated with good standing.
• Review the "Personal Statement" section. Personal statements are made to your Experian credit report if you have fallen prey to identity theft or credit fraud. You are the initiator of personal statement to your Experian credit report.
• Detailed personal information is contained in relevant section. Normally the section contains the following information: your full name, your spouse's name, current and previous 3 addresses, current employer contacts, your latest telephone number and security number.

Additional Tips

• Late payments on collection accounts are noted by dates where the payment occurred. It is only legal to be removed after 7 years has passed. If the not hasn't been removed after 7 years you should claim to remove it from your collection accounts.
• Remember your Experian credit report number, because you will be asked to tell it when calling to Experian customer support service.
• In respect of 7 year old negative items  you should be aware of the fact that they can be re-aged, which means the creditor might eliminate the age note without eliminating the item itself. To prevent it, you should contact the credit bureau rather than creditor.
• According to the FTC, re-aging is an illegal practice that you can dispute. That is why you shouldn't forgive re-aging.

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