Credit Education
- Glossary of Credit Terms
- FAQs
- Preapproved Credit Offers
  
  What’s in a credit report, how can you check it and how often should you review it? Make sure your credit information is accurate and check your Experian, Equifax and TransUnion reports side-by-side with Experian’s 3 Bureau Online Credit Report.
  - Mailing Lists and
    Preapproved Offers
  - Opt Out
- Credit Advice
  
  Ask Experian
  
  Get credit information on the hottest topics from Experian’s team.
- Life Events and Credit
  
  Find out how life events affect your credit and how to build good credit for the major purchases in your life.
- Preventing Fraud
  
  Learn the warning signs of credit fraud, and get the credit information you need to protect yourself. Are you already a victim? Experian can help.
- Credit Scores
  
  What are credit scores, and how are they calculated? Get the answers to your credit score questions.
- Credit Reporting
  
  Improve your credit by understanding basic consumer credit information: what’s in a credit report, how to check it and how often you should review it.
Products
Disputes

CDs, other bank accounts are not part of credit reports

Do you have a question about consumer credit? You may find an immediate answer by using the search engine. If you can't find what you're looking for, please fill out the form, being as specific as possible.

Please note: The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future column.

Subscribe to RSS feed

Credit Advice

Topics addressed on August 9, 2006:

CDs, other bank accounts are not part of credit reports

Dear Max,

I'm planning to open a couple of CD accounts (short term and long term) and also a money market account. Will such accounts have a negative impact on my credit score?

- PND

Dear PND,

Neither certificates of deposit, called CDs, nor money market accounts have any impact on your credit report or credit scores. Both are bank accounts, which from a credit reporting standpoint are in the same category as checking or savings accounts.

Only credit accounts or public records involving debt, including civil judgments, bankruptcy or tax liens, appear on your credit report. Here is a list of other things that do not appear on your credit report:

Criminal background, such as arrest records
Medical information, although medical collection accounts may be included. If so, the entry does not include any information that would indicate the medical condition or treatment.
Information about buying habits or specific transactions.
Information about ethnicity, gender or religious faith
Investments, such as stocks, bonds or 401K accounts
Assets, such as equity in real estate property. Loans secured by home equity, however, will appear in credit reports.

Thanks for asking.

Credit Reporting

Improve your credit by understanding basic consumer credit information: what’s in a credit report, how to check it and how often you should review it.
Credit Scores

What are credit scores, and how are they calculated? Get the answers to your credit score questions.
Preventing Fraud

Learn the warning signs of credit fraud, and get the credit information you need to protect yourself. Are you already a victim? Experian can help.
Life Events and Credit

Find out how life events affect your credit and how to build good credit for the major purchases in your life.
Credit Advice

Ask Experian

Get credit information on the hottest topics from Experian’s team.
Preapproved Credit Offers

What’s in a credit report, how can you check it and how often should you review it? Make sure your credit information is accurate and check your Experian, Equifax and TransUnion reports side-by-side with Experian’s 3 Bureau Online Credit Report.
- Mailing Lists and
  Preapproved Offers
- Opt Out
FAQs
Glossary of Credit Terms

Credit 101

Personal Services