| What role does your credit report play in your life? In | | | | employment status and your social security number. |
| case you apply for some sort of a loan, how do you | | | | It clearly shows your credit applications. Loans |
| think the lender would judge you? The lender simply | | | | sanctioned to you, loans you asked for but not given |
| checks your credit report which reflects all your | | | | to you, credit you still have to pay and also the |
| credit history along with your credit score. Things do | | | | available amount of money you are still offered by |
| not just end there. The rate of interest decided by | | | | the bureau. It show's the description of monthly |
| the lender on which he will lend you money is also | | | | payments that you have to make. All payments |
| decided on the basis of your previous transactions | | | | made by you, pending towards you and once which |
| that reflect in your credit report. Having a bad credit | | | | you were unable to pay. Last dates of payments |
| report and credit score can be a sure shot reason | | | | along with previous late fees and interests if any are |
| for ant one not to trust you for further dealings. | | | | also mentioned. |
| Importance of credit report: | | | | Taking advantage of the free online credit report |
| You must always keep a close watch on your credit | | | | annually helps you track your history and make |
| report keeping in view the effect it has on your life. | | | | necessary inquires if you find mistakes. This step is |
| A person with bad credit report may possibly bear | | | | important for everyone, even if you have excellent |
| the expenses of not maintaining it and on the other | | | | credit or poor credit. You need to know what the |
| hand, a person who has well maintained it can get | | | | credit report says about your credit history. Because |
| much more credit than he otherwise can. A good | | | | lenders use your credit reports and credit score to |
| credit report clearly puts up a faith in your credibility. | | | | see if you are credit worthy and what amount of |
| The credit report must be checked thoroughly. One | | | | money you may borrow along with your interest |
| should not just rely on one of the bureaus and get | | | | rate, you need to keep a close on your credit |
| regular statements from all the three agencies | | | | history. |
| Equifax, Experian and TransUnion. In case you find | | | | Once you receive your free online credit report from |
| anything that is not clear to you, you must report it | | | | Annual Credit Report, a highly recognized agency, |
| back and case the problem still persists, you must | | | | you can look over the three different credit-reporting |
| dispute on it. | | | | agencies and check for errors and wrong information. |
| What exactly a credit report contains. Basically it | | | | For instance, if you are divorced and it has you still |
| contains the complete records about all the | | | | married, you can summit a letter to them with a |
| transaction being made by you, either it is some | | | | copy of your divorce decree so they can correct |
| expenditure done by you or some payment delivered | | | | your credit history. The idea is to have all the |
| by you to the concerned agency along with your full | | | | information accurate when a lender views your credit |
| identity including your name, personal address, | | | | history. |