Reports of credit of your billing information includes payment history, debt, debt current and other financial information. They show you where you live and work and whether they have sued, arrested or filed for bankruptcy. Credit report helps decide to lender whether to lend you or hum the approve loans, and determine what they charge interest. prospective employers, rent and insurance property owners can also look at their credit report.
It is important to check your credit report on a regular basis to ensure that your personal information and accurate financial account are reported and that no fraudulent under your name opened. If you find errors on your credit report, take steps to have them corrected.
Free Credit Reports
You are entitled to a free credit report from each of the three credit reporting agencies (Equifax, Experian, and TransUnion) once every 12 months. You can request all three reports at once, or space them out throughout the year. Learn about other situations in which you can request a free credit report.