Monday, November 30, 2009

Who can look your credit report

Credit reports are becoming increasingly important. A credit report holds the most personal and vital information anyone can have. Your credit report will provide you with valuable information about your outstanding debts. Credit reports usually cover the past seven to ten years depending on the type of report you order.

Another people and entities that can request your credit report include employers, government agencies, insurance companies, landlords and mortgage lenders. Many lenders use credit reports to evaluate a loan applicant's credit reputation. Credit reports tell a lender how well you manage your finances. In the simplest terms, your credit report is a record of how well you pay your bills.

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