My Credit Report
"What kind of information is on my credit report -and how can I
see it?" is a common question among people who have had trouble
securing credit or loans. Basically, your personal credit report
is an electronic record of all of your credit activity including
recent requests for credit that you have applied for and the
payment activity on any open or closed credit or loans you may
have. This history is vitally important because lenders use your
credit report to determine if they are willing to extend loans
or credit to you.
There are four main areas of content on your credit
report: Identifying information, credit history, public
records, and credit inquiries. Additionally, a credit report
also shows any current credit that you have, including loans,
debts and credit limits. It also has the payment amounts on
installment loans.
To see what is on your credit report visit www.credit-repor
t-credit-score.com to request your free copy. Knowing what
is on your credit report before beginning the loan application
process can save you a lot of time and hassle.
Lenders use the information on your credit report to generate
your credit rating when evaluating your loan request. The higher
your credit rating is, the more likely you will be to receive
the loan and at more favorable terms. For this reason, it's a
good idea to take a look at your credit report before making any
purchases which require a loan or credit.
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