Why Getting A Copy Of Your Credit Report Is Important

Your credit rating, like a report card of your credit history, is important when determining your economic status. When your credit rating is good, can easily obtain a loan, a mortgage, or credit cards, among other things. But if you have a spotty payment history with a creditor, or even went into default with one or more loans, this negative action is reported to a credit reporting agency, which keeps track of your credit report. With a bad credit rating, you will be unable to get a loan or a credit card (or at least one with a reasonable interest rate). Without a credit card, you can