:: What is a Credit Report
find out what a credit report or a consumer credit report is
Before you find out how to get your free credit report I think it is important to first understand what a credit report is and who has access to your credit report.
Your credit report is also know as a Consumer Credit Report.
A Consumer Credit Report is a report of information maintained by a credit bureau. A credit report includes information on where you live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy.
Those who grant you credit, such as banks, may report positive or negative credit payment information to the credit bureau. Utilities Companies, such as the telephone company and your electric companiy, may also report your payment history.
When you apply for a loan, the financial institution where you apply may review this information and based on the information on your credit report they will decide whether or not they will lend you the money.
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.
Here are additional resources on credit repair that you may also be interested in:
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- Who Can Look at Your Credit Report?
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- What can I not remove from my credit report?
- What is a Credit Report
- How to Get Your Free Credit Report
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