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Credit Report

by ritz ~ December 20th, 2009. Filed under: Services.

Credit report is very important when you want to borrow money from a lender. What is Credit report?
Credit report shows all the payment history of an individual and the financial status, payment capabilities. This is used for investigating the financial status of an individual. It is usually used as a requirement for borrowers need to have a credit.

This financial report will be investigated to determine if a consumer has the ability to settle his financial obligations. In the report, it also shows the date and time when you paid the amount. In short, it shows if you are a good payer of your credits.

This report also show if can be trusted or not. Checking this report is best way to test financial sustainability. If you have good credit report scores then you have great chance to have credits. But if the report has bad scores, then definitely you can’t have a credit. The borrower would decided to let you not get another credit this time.

There are 10 possible reasons why you have bad credit:

  • Exceeding credit limit.
  • Huge Balance
  • Lost Credit Cards
  • Delayed payments
  • Unsettled accounts
  • Inaccurate information
  • Damaged cards
  • Using third parties
  • Never ending purchases

So, it is important to have a good credit report in order to avail those credits. Get your free credit report!

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