March 31st, 2016 | About your Credit!
Your credit report contains information about where you live, how you pay your bills, and whether you’ve been sued or have filed for bankruptcy.
Credit Reporting Companies (CRC) sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your application for credit, insurance, employment, or renting a home.
REASONS TO REVIEW YOUR CREDIT REPORT
1.The information it contains affects whether you can get a loan - and how much you will have to pay to borrow money.
2. 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.
3. To help guard against identity theft. That is when someone steals your name, social security number, or your credit card number to commit fraud.