Credit Report
Lenders usually check all 3 major credit bureaus
before extending credit to an individual. That's
why it's crucial to get a credit
report from each of the 3 agencies in order
to get an accurate view of what the lender sees
about you. If you're hoping to buy a new car or
home, reviewing your credit report can help you
catch and repair errors
or inaccuracies before they have negative consequences
on your credit standing.
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Credit Score
When you are being considered for a loan by a
lender, one of the most important factors they
look at is your credit
score. Basically, the higher your score is
the more likely they will be to approve you for
the loan. Higher credit scores are also more likely
to help you get the best interest rates, the lowest
fees and all the better benefits enjoyed by those
with good credit.
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Identity Theft
Identity theft
is the fastest growing crime in the United States,
affecting more than 2000 people a day. By checking
your credit report regularly you can thwart identity
thieves who may try to use your name for their
purposes. Your credit report may show up with
errors, accounts you never opened, bills sent
to the wrong address - all signs that someone
else is using, and ruining, your name and credit.
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