Credit Report
A credit report is a summary of your financial reliability—for the most part, your history of paying debts and other bills. It is prepared by credit bureaus (also known as credit reporting agencies) primarily for use by lenders, employers and others who, under the federal Fair Credit Reporting Act (FCRA), have a legitimate need for the information, such as when you apply for a loan, insurance policy, apartment or job. The wealth of information gathered by credit bureaus, coupled with the speed of today's computer systems, explains why consumers can quickly get loans and other services, including approvals of certain credit applications in minutes....
Credit Score
Credit score is a number that is based on financial trustiness of a person. Credit score can be easily determined by credit report that contains all history of your bills (payable/paid), credit info or anything else that would affect your financial creditworthiness. All lenders like banks and credit card companies use credit scores to know the financial ability of consumers....
Credit Repair
It is possible to fix your bad credit, with time, patience and determination. The first step in repairing poor credit is fixing any problems you may have with money........
1) Get a credit reports on yourself and check out what is on them. To get yours free go to www.creditrepairsoft.com. You are allowed by U.S. law to get a free copy from each of the three major credit companies once every 12 months....
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