|
A |
Credit Report is an actual
and factual report of credit information about an
individual. It covers information from bill payments to
bankruptcies. Credit reports are useful at the time of
granting credit. They are extremely useful in many ways
: - To reflect the entire credit history of a person -
Looked into by lenders and creditors to determine a
person's credit worthiness, when he/she applies for any
kind of financial help - Useful for individuals
themselves to check their credit stand at any point of
time - Useful for individuals to have a tab on
fraudulent/wrong statements or errors in credit
reporting - Credit reports are not only for individuals,
but there are also other credit reports such as-
property manager credit reports, business credit
reports, employer credit reports, mortgage broker credit
reports, etc. Overall, a credit report is an official,
reliable, most helpful report of an individual's cedit
history that enables businesses to evaluate a person on
his credit stand at any point of time. |
