Whats a credit report, and why is it important?
Credit reports serve as the main tool in determining a loan applicant’s creditworthiness. Your credit report gives month-by-month detail on loans or credit lines you’ve opened with lenders, showing how well your debts have been paid. Credit reports typically contain the following information: 1) Your name, telephone, residence history, DOB & SSN, 2) A detailed history of your past & present loan accounts, 3) Public records such as liens, judgments & bankruptcies, 4) Your credit score, 5) Your credit report is usually the first place that your potential lenders and employers will check to determine whether to loan you money or hire you, respectively.
Related Questions
- What is the Advanced Credit Repair definition of "clearing up" a consumers credit report or improving their credit profile?
- Can Advanced Credit Repair demand that information be removed from a credit report which I have gotten from a merchant?
- What is an Investigative Consumer Report and how does it differ from a credit report?
