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June 25, 2001
By
Kristen McCarthy
Website:
http://www.1st-choice-credit-cards.com
>
Knowing your credit and report status
Knowing your credit and report status is very important. Credit and report is a word in the financial world which is used to sum up your statues as an applicant for loans, leases and credit cards. Credit worthiness even influences employers opinions before you are hired. Your credit history is put onto a permanent record by the credit bureau which becomes a credit report.
Your current credit and report determine your credit score by listing all outstanding loans, debts, credit cards and debt defaults. They even record all your late payments. For lenders and employers, a credit report supplies them with the full information on your history as a debt holder.
Proper management of your credit report can leave you prepared to seek a loan, lease or credit card with confidence. By understanding how credit works, you can improve your score by cancelling unneeded credit cards and avoiding high interest rates.
By obtaining a copy of your current credit and report you can look at your history to make sure no mistakes were made on your report. Requesting a copy of your credit report two to three months before applying for a loan will prepare you for any unwanted surprises.
For
more information on credit and report - click here!
> About The Author:Kristen McCarthy is a successful author and the
publisher of http://www.1st-choice-credit-cards.com. One-stop resource for free online credit reports, agency issues and information on your personal and business credit report. *Webmasters,
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