credit

7 secrets your credit report won't reveal

Get your free credit score

Credit Cards » 7 Secrets Your Credit Report Won't Reveal

Your net worth
8 of 8
Next
Your net worth © Doruk Sikman/Shutterstock.com

Your net worth

A credit report is basically a list of all your current and recent past debts and obligations.

Assets you own outright aren't included in the report.

That means it doesn't include your net worth. That surprises some consumers, says Ulzheimer. "A lot of people think their net worth is on a credit report.

"There's nothing on a credit report that talks about how much money you have in the bank, the money you have in a brokerage account, your stock options" or any other assets, he says. "And if you own a piece of property free and clear, there's nothing on your credit report."

The value of your home or home equity is also not on your report, says Ulzheimer.

The only related item that you could see is your mortgage, plus any loans or liens you have on the property.

Previous
8 of 8
Next

advertisement

Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.99% --0.00 16.99%
Cash Back Cards 17.02% --0.00 17.02%
Low Interest Cards 11.82%  0.22 12.04%
 
Search
advertisement
advertisement
advertisement

Credit Card Blog

Mitch Strohm

Credit card rates for Thursday, September 29

It's a good time to be in the market for some new plastic.  ... Read more


Connect with us