Credit reports give a lot of different information about a person.
Lenders, landlords, and other people can learn a lot about you just from looking at your report.
It has such things as identifying information, public records, and account information.
Your credit history is one of the most detailed things about you and it is a quick way to get to know someones past.
This article will give you the information that is typically on a credit report as well as give you examples as who will look up your credit information, what can make your credit report change, and give you ways to improve your credit score.
Personal information will be included on your credit report when someone looks it up.
You name and date of birth is of course on there, but any known aliases, housing information and employers will also be easily located.
The credit report will also detail any debts you may have or have had in the past.
It will also tell people how you pay your bills, if you pay them on time and other billing information.
Any judgments, bankruptcies, or collections are also reported.
The most common time when people look up your credit report is when you are applying for a loan.
There are three major credit bureaus that have access to your report and when you are applying for a loan, one, two or all three will be accessed.
It all depends on the type of loan you are applying for.
If you are applying for a car loan, then one of these reports will usually be accessed but if you are applying for a home loan then the lender will access all three accounts and make a decision using them all.
Your credit score can be anywhere between 350 and 850.
Most people fall into the 650-750.
Scores below this range are usually very bad, while scores above are great.
The score is typically telling lenders the risk level of a loan.
A low score means there is a higher risk.
Credit scores are usually known as FICO scores and all three bureaus have their own system for calculating it.
If you have a low score then a couple things could happen.
Lenders will give you a higher interest rate if your score is low or they might now give you the loan at all.
Having a higher score will probably lock in the loan and give you a lower interest rate.
A lower credit score can also make you have a bigger down payment.
Way to improve your credit score include paying your bills on time, paying off your debt, keeping balances low on your credit cards, and applying for new accounts only when you need them.
Keeping up to date with your credit score is one of the best things you can do.
A bad credit score can hurt you in so many different ways, especially when applying for a loan.
Keep a good credit score and make your life a lot easier.
Lenders, landlords, and other people can learn a lot about you just from looking at your report.
It has such things as identifying information, public records, and account information.
Your credit history is one of the most detailed things about you and it is a quick way to get to know someones past.
This article will give you the information that is typically on a credit report as well as give you examples as who will look up your credit information, what can make your credit report change, and give you ways to improve your credit score.
Personal information will be included on your credit report when someone looks it up.
You name and date of birth is of course on there, but any known aliases, housing information and employers will also be easily located.
The credit report will also detail any debts you may have or have had in the past.
It will also tell people how you pay your bills, if you pay them on time and other billing information.
Any judgments, bankruptcies, or collections are also reported.
The most common time when people look up your credit report is when you are applying for a loan.
There are three major credit bureaus that have access to your report and when you are applying for a loan, one, two or all three will be accessed.
It all depends on the type of loan you are applying for.
If you are applying for a car loan, then one of these reports will usually be accessed but if you are applying for a home loan then the lender will access all three accounts and make a decision using them all.
Your credit score can be anywhere between 350 and 850.
Most people fall into the 650-750.
Scores below this range are usually very bad, while scores above are great.
The score is typically telling lenders the risk level of a loan.
A low score means there is a higher risk.
Credit scores are usually known as FICO scores and all three bureaus have their own system for calculating it.
If you have a low score then a couple things could happen.
Lenders will give you a higher interest rate if your score is low or they might now give you the loan at all.
Having a higher score will probably lock in the loan and give you a lower interest rate.
A lower credit score can also make you have a bigger down payment.
Way to improve your credit score include paying your bills on time, paying off your debt, keeping balances low on your credit cards, and applying for new accounts only when you need them.
Keeping up to date with your credit score is one of the best things you can do.
A bad credit score can hurt you in so many different ways, especially when applying for a loan.
Keep a good credit score and make your life a lot easier.