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What is on Your Credit Report?
Your credit report is a very important piece of the puzzle in
your financial picture. It contains a historical record of your
personal and financial information including a listing of your
current and past debts and the timeliness of your payments. The
information contained on your credit report is looked at by many
people including lenders, credit card companies, landlords,
telephone and cable companies just to name a few. These companies
use your credit report to evaluate your reliability and
creditworthiness.
With all of these people knowing what is on your credit report
- shouldn't you? Knowing what is on your credit report can save
you from unexpected surprises the next time you apply for a loan.
Insuring the accuracy of your credit report is also very
important. All too often people have found errors on their credit
report that were damaging their credit score. Many times people
have even been alerted to attempted identity theft by keeping an
eye on their credit report.
There are several options when it comes to obtaining a copy of
your credit report. For a fee, you can request a copy directly
from the credit bureaus. However, with so many free routes that
can be taken, there is really no need to pay to receive a copy of
your credit report. There are many companies available that will
provide you with a copy free of charge. Visit http://www.credit-report-credit-score.com
to get a free copy of your credit report and to learn more about
managing credit and debt.
Here is what you can expect to see on your credit report.
There are four basic sections to the report which are broken down
below:
1. Your personal information such as your name, social
security number, date of birth, drivers license number, address
and telephone number,br> 2. Your credit history which contains
a listing of all open and closed credit lines including the
original amount of the loan as well as the current balance on the
loan, the type of loan (credit card, department store credit,
mortgage etc.), the status of the loan whether it is active or
closed, and the timeliness of your payments
3. A public records listing that includes any tax liens
foreclosures, bankruptcies or judgments filed
4. A listing of inquiries made on your credit report by potential
lenders who pull your credit report when considering issuing you
a loan or credit card.
If you do find errors on your credit report they can be
disputed and corrected. Be aware that this may take some time.
That is why it is always recommended to stay on top of things and
know what is on your credit report. Being alert and informed will
help insure that nothing sneaks its way on to your credit
report.
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Note: This article may be freely reproduced as long as the
authors bio paragraph at the bottom of this article is included,
the article is published "as is" (unedited) and all URL's are
made active hyperlinks with no syntax changes.
-------------------------
This article was written by Beth Pardue who has over 10 years
of experience in the financial industry assisting clients with
assorted financial needs. To learn more about credit reports or
to get a free credit report online please visit: http://www.credit-report-credit-score.com
MORE RESOURCES:
Credit - Google News
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