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Credit Report


Learn about credit reports including information on where you live and how you pay your bills.

A credit report includes information on where you live, how you pay your bills, and whether you’ve been sued or arrested, or have filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.

Your credit report has information that affects whether you can get a loan — and how much you will have to pay to borrow money.

You want a copy of your credit report to make sure the information is accurate, complete, and up-to-date before you apply for a loan for a major purchase like a house or car, buy insurance, or apply for a job.

Also, you'll want a copy of your credit report to help guard against identity theft. That’s when someone uses your personal information — like your name, your Social Security number, or your credit card number — to commit fraud. Identity thieves may use your information to open a new credit card account in your name. Then, when they don’t pay the bills, the delinquent account is reported on your credit report. Inaccurate information like that could affect your ability to get credit, insurance, or even a job.


Articles on Credit Report

    Credit Report Primer

    By Timothy Dun - Tips
    With more consumer credit extended each year through home mortgages, car loans and credit cards, understanding the role of credit reports is important for anyone planning to borrow money. A credit report is simply a document containing a ...




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