Based on the financial dictionary, a credit report is a detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's credit worthiness. This report includes personal data such as current and previous addresses, social security number, employment history, summary of credit history like the number and type of accounts that are past-due or in good standing, detailed account information, inquiries into applicant's credit history, number and type of inquiries into applicant's credit report, details of any accounts turned over to credit agency such as information about liens, wages garnishments via federal, state or county records, and information on how to dispute any of the above information. When a negative information appears on an individual's credit report, there is little he can do to clear it up if the information is certain and accurate.
When we flunk a test, we automatically dawdle in despair. But how much more when it is a bad credit report? Tests can ruin our chances for college, but a credit file tells us if we are eligible for a loan or for the great American dream. No matter how
Tracked: Oct 14, 14:04