Fix Credit Score - Know How To Check Your Credit
- Author Dr. Ron Daulton, Jr.
- Published December 1, 2010
- Word count 537
Credit check is usually done to verify whether you are eligible for a loan or on any other forms of credit based on your past credit performances.
This will reveal your past as well as your previous credit transactions with different lenders and how you deal with it.
Thus, a credit check is the reflection of your past credit performance. It works like a report card, which reveals whether you have "passed" or "failed" in a particular subject.
Credit checks are done by lending institutions such as credit card companies and banks on individuals who wish to apply for a loan or any form of credit.
In addition, credit checks could also be done by a homeowner whether an individual would be a good tenant or not, as reflected by his or her past credit performance. Insurance firms also run credit checks on individuals who wish to avail of their insurance policies.
You can obtain your credit report containing credit-related information from any of the three major credit-reporting agencies.
Furthermore, you can obtain your personal credit reports for free as stated in the FCRA or the Fair Credit Reporting Act.
Under this Act, every individual is entitled to receive a free credit report from any of the three major credit-reporting companies in the United States once a year - Experian, Equifax, and Trans Union.
Your free credit report contain your personal information (such as your name and address), how you paid your past and previous bills, and any delinquencies you have committed such as late payments as well as if you have filed for bankruptcy.
To obtain your free credit report, you need to fill up the required form through a centralized credit report website on any of the three major credit bureaus in the United States.
You will be required to provide some basic information, which includes your name, permanent address, your social security number, and your birth date.
Your credit report is important in securing yourself against any attempts of identity theft such as credit cards misuse and other forms of fraud.
In addition, you must update your credit report regularly as lending institutions would be using such reports to determine if you are worthy enough to be awarded with the loan you have applied for.
After you received your free credit report, you should read each section carefully. All aspects must be included in computing your credit score.
So make sure you have paid attention to all of them. Check your report for any discrepancies and make sure that you have not missed any payments at all.
Your credit report also comes with the list of individuals or business entities that you have requested credit information from. You may also check to see if such names or entities are familiar with you.
Your free credit report would be used in running a credit check to you when applying for a loan or any other forms of credit. Thus, make sure that it is free of discrepancies or erroneous entries.
Keep in mind that this report will reflect your credit performance.
So ensure that you do not stumble anywhere so that your loan application would always be a success, for more info visit Rebuild-Credit.net
So ensure that you do not stumble anywhere so that your loan application would always be a success, for more info visit http://rebuild-credit.net
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Acura MDX and Honda Pilot: Which one will you choose?
- How to Save Money Every Day With Promo Codes
- Fresh Paint for a Fast Sale: Here's Why You Should Paint Before Listing
- The Invisible Impact of Missing Teeth: Why Replacing Them Matters
- Detecting Dental Beauty: 5 Core Traits of a Beautiful Smile
- Timeless Toothcare: Dental Hygiene Tips for Seniors
- Saving Old Smiles: How In-House Dental Discount Plans Help Seniors
- Too Much of a Good Thing? Signs You’re Brushing Your Teeth Too Hard
- Why a Root Canal Might Be the Best News for Your Tooth
- What is DuckDuckGo?
- The Role of Lighting Stores in Brampton: Shaping Spaces for the Future
- The Role of Commercial Cleaning Services in Auckland: A Comprehensive Guide
- Exploring the World of Chauffeur Service: Benefits, Challenges, and Best Practices
- Nerds and Geeks: They still live on!
- IQ Tests: History, Uses, and Choosing a Reliable Resource
- 8 Great Ways To Teach Kids About Oral Hygiene
- App Development as a Catalyst for Business Growth
- Costs of arranging a Mortgage in Spain
- TikTok and Instagram: Ways you will grow and learn.
- Mustang GT: Ford Motor Company is a Rising Force!
- 10 Ways to Transform Production Scheduling in Business Central
- Elevating Your Home with Bold Decor and Vintage Carved Doors
- The Ultimate Skin Care Guide for Every Weather
- Do I Need Insurance When I Rent a Boat?
- Casino Bonuses: How to Maximize Your Rewards and Enhance Your Gameplay
- Was Joseph Stalin a good or bad leader of the Soviet Union?
- Top 5 Slots with the Highest RTP: A Winning Guarantee or a Myth?
- The Thrill of the Hunt Discovering the World of Location-Based Entertainment
- How Much Is the Hermès Cleaning Fee?
- Does Hermès Offer Free Repairs?