As credit increased throughout the country, there arose a great need to issue reports concerning those who are NOT a good credit risk as well as those who are CREDIT WORTHY! Because of this great need, credit reporting agencies were formed several years ago. These agencies, known as credit bureaus, receive information about consumers from banks, loan 
companies, credit card companies, department stores, as well as from other credit and lending sources. Credit bureaus earn their profits by giving a computer printout showing a financial and credit profile of any individual (such as you or I). These reports are requested by a lender or an credit issuing firm from which you have requested credit.
Lenders will base their acceptance or rejection of your application for credit based on the information about you in your personal credit report. If your credit report shows that you have been reliable in the past, then in most cases credit will be granted. What if your report shows that you have NOT been reliable in the past? Perhaps you have been like others in this country who have encountered circumstances beyond your control which made it IMPOSSIBLE for you to meet your credit obligations. What if your credit report shows that you defaulted on a particular account or were constantly LATE making payments? This of course can be most embarrassing, and usually leads to CREDIT DENIAL!
There are over 2,500 credit reporting agencies in the United States. These agencies sell information about you to BANKS, DEPARTMENT STORES, CREDIT CARD COMPANIES, LOAN COMPANIES, etc.
These credit bureaus keep on file information concerning you and your credit, but they do not make any final judgements as to your credit worthiness. The decision is up to the lender which you have dealt with to decide and report to the credit bureau.
When you receive a copy of your credit profile, you may find some of the following information in your report. Your occupation, place of employment, income status, residence record, marital history, court and arrest records, and most important, details on payments of your past and present bills and loans.
You have the ABSOLUTE RIGHT to know what is in your consumer credit report! Because it is YOUR personal credit file, you should want to know what information the credit bureau is giving out concerning your good name and your credit!
Most people have thought, and still think, that if they have an unfavorable credit report or history that there is NO WAY to change it, and if they want to obtain NEW CREDIT that it's impossible! DON'T BELIEVE IT! You can change your credit report for the better. You can change and correct any and all OUTDATED, or INCORRECT INFORMATION that YOU choose! Remember, it's up to you! No one will do it for you! The first step in correcting information on your report is to obtain a copy of your personal credit profile.
companies, credit card companies, department stores, as well as from other credit and lending sources. Credit bureaus earn their profits by giving a computer printout showing a financial and credit profile of any individual (such as you or I). These reports are requested by a lender or an credit issuing firm from which you have requested credit.Lenders will base their acceptance or rejection of your application for credit based on the information about you in your personal credit report. If your credit report shows that you have been reliable in the past, then in most cases credit will be granted. What if your report shows that you have NOT been reliable in the past? Perhaps you have been like others in this country who have encountered circumstances beyond your control which made it IMPOSSIBLE for you to meet your credit obligations. What if your credit report shows that you defaulted on a particular account or were constantly LATE making payments? This of course can be most embarrassing, and usually leads to CREDIT DENIAL!
There are over 2,500 credit reporting agencies in the United States. These agencies sell information about you to BANKS, DEPARTMENT STORES, CREDIT CARD COMPANIES, LOAN COMPANIES, etc.
These credit bureaus keep on file information concerning you and your credit, but they do not make any final judgements as to your credit worthiness. The decision is up to the lender which you have dealt with to decide and report to the credit bureau.
When you receive a copy of your credit profile, you may find some of the following information in your report. Your occupation, place of employment, income status, residence record, marital history, court and arrest records, and most important, details on payments of your past and present bills and loans.
You have the ABSOLUTE RIGHT to know what is in your consumer credit report! Because it is YOUR personal credit file, you should want to know what information the credit bureau is giving out concerning your good name and your credit!
Most people have thought, and still think, that if they have an unfavorable credit report or history that there is NO WAY to change it, and if they want to obtain NEW CREDIT that it's impossible! DON'T BELIEVE IT! You can change your credit report for the better. You can change and correct any and all OUTDATED, or INCORRECT INFORMATION that YOU choose! Remember, it's up to you! No one will do it for you! The first step in correcting information on your report is to obtain a copy of your personal credit profile.
