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The Unexpected Effect of Credit Reports

walter — Sun, 09 Jan 2011 18:56:22 +0000

Consumers know that the credit score rating that follows them around affects the types of loans available as well as the loan amounts. The musical commercials that tout the importance of getting free credit reports make it clear. Credit reports do more than allow lenders to evaluate the fiscal responsibility of potential borrowers. It gives many companies and organizations a look into the reliability of a person to pay. A credit history also reveals the financial habits of individuals. Credit reports can do more than cost consumers a loan that is needed. A credit score can also cause potential employers...

Correcting Credit Report Errors

admin — Thu, 18 Mar 2010 12:39:31 +0000

Correcting credit report errors can be time-consuming and require patience, persistence and good organization skills on your part. However, it’s worth it. A poor credit score or incorrect information can have an effect on the interest rates you’re charged, whether you get a job and whether you qualify for a loan. So you’re checking your credit report; that’s great. It’s the best way to prevent identity fraud and to make sure the report that potential creditors are seeing represents you correctly. It’s also a great way to get a hold of your finances if you’ve been operating in the dark...

What’s in a Credit Report

admin — Mon, 20 Apr 2009 14:51:39 +0000

If you've ever applied for a loan or credit card, a credit check has been an integral part of the approval process for the lender. Your credit report is used to determine whether or not they are willing to do business with you. This is why many consumers cringe when they hear the words "credit report." A credit report can help or hurt you, depending on how well you've managed credit in the past. If you've had little or no credit, lenders won't have much to go on, so you may not be approved. If you've gotten behind on payments or...