Credit Reports

A consumer credit report is a document that contains a factual record of an individual's credit payment history. It is mainly used to judge his/her credit worthiness by lenders. The credit report not only lists basic information such as your name and social security number, but other information pertaining to your credit, especially your borrowing and repaying habits. Basically, it shows how you treat credit and your relationships with creditors.  Your credit can determine what you can buy, what type of car you drive, and even where you can live. It is important to maintain the best credit report possible. Each person should check his or her credit report and make sure it is correct. Credit reports are a gold mine of information about consumers. They contain Social Security number, date of birth, current and previous addresses, telephone number (including unlisted numbers), credit payment status, employment, even legal information. Ordering your credit report once a year and knowing your credit reporting rights are among the most important steps you can take to safeguard your privacy.

Credit basics

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