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Credit Reports |
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When you apply for a loan or credit, the lending institution first looks at your “credit report.” These reports come from one or a combination of three “credit bureaus”. The three Credit Bureaus or Credit Reporting Agencies in the United States are; Trans Union, Equifax, and Experian. These agencies administer large databases of information gathered from most creditors, government agencies and courts in the United States. The information is really just a history of how you have repaid debt, as REPORTED by YOUR CREDITORS. Click here to see what they say about you for FREE |
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Your credit report will contain a wealth of information about your past credit experiences. It will include past and current accounts, balances owed, maximum credit limits, timeliness of payments, information about your residencies, limited listings of employment, disposition or status of your accounts, and lists of who has inquired about you and when, among other things. |
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Usually, but not necessarily. This is why we recommend that you check your credit report on a routine basis. You should be aware of what is on your report. Fictitious or inaccurate entries CAN be removed or corrected. The burden of proof of the accuracy of an entry is on the creditor, but YOU must initiate the process. Click here to learn more |
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Is my credit report accurate? |
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How do I improve or maintain my credit? |
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The answer is plain and simple. “Monitor your credit reports to ensure their accuracy. Repay your debts on time. Use your good credit to increase your credit worthiness.” |
