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What Is a Credit Report?
Your credit report is a record of your credit payment history. It
tells companies how you have managed money in the past and helps
them decide whether or not to do business with you. A good credit
report can help you get new financial products, a new home loan,
or even car insurance.
Information included in your credit report
- Identifying information such as your name, social security number,
current and past addresses and employers
- Your history of paying bills with companies such as retail
stores, banks, mortgage companies including amounts borrowed or
credit limits, dates loans were taken out, balances, and past
due amounts
- Public records such as liens, court judgments, and bankruptcies
- Credit history inquiries
Credit report access
Not just anyone can see a credit report. Only those with a legitimate
business need are authorized, such as:
- Financial institutions, when you apply for loans, mortgages
and credit
- Landlords, when you apply for a lease
- Employers, with your consent, when they are considering you
for employment
Additional credit report use
Credit bureaus can also use information from credit reports to
provide marketers with lists of consumers who might be good prospects
for credit or insurance. You can instruct all three major credit
bureaus not to provide your name to marketers by:
Please contact us if you have questions
or we can help you in any way.
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