Credit+Report

Credit report- you can request it once a year, If there is a problem with your credit report-you must notify credit reporting agency of that mistake. If you don't inform, your credit report will affect you in your entire life. The credit report is based on your credit history. A credit report is a record of your credit activities. It lists any credit-card accounts or loans you may have, the balances, and how regularly you make your payments. It also shows if any action has been taken against you because of unpaid bills. A company that gathers and sells credit information is called a consumer reporting agency (CRA). These types of companies collect information about your credit activities, store it in databases, and charge a fee for supplying the information. The most common type of CRA is the credit bureau. There are three major credit bureaus that operate nationwide, plus many smaller companies serving local markets. Your credit rating is drawn from your credit report, which outlines your borrowing, charging, and repayment activities. A good rating helps you reach financial goals; a poor rating limits your financial opportunities. Since your credit report influences whether you are able to buy a home and get a job, it is extremely important to protect your credit rating by making loan and bill payments on time and by not taking on more debt than you can handle.
 * What is Credit Report?**
 * Where Do Credit Reports Come from?**
 * What Is a Credit Rating?**

Question Why is it important to have a good credit history?