http://www.my720fico.com is the leading resource on the web for credit reports and credit scores. We should know since we are lenders.
What is in a credit report? A credit report is a snapshot of your current obligations to creditors. These creditors include credit card companies, mortgage companies, banks, and retail stores. Lenders are permitted by law to check your credit report and review it in order to determine whether or not to grant credit to you. In order to build a credit report all you have to do is establish credit in the form of a bank loan, credit card account, car loan, mortgage, or studen loan. Information on your credit report comes directly from your history with accounts you currently have outstanding loans with. Whether you pay your obligations on time or not, lenders will report that information to the credit bureaus. There are four categories.
1. Your personal information: Your credit report identifies you will the following information.
" Your name
" Social Security number
" Current address " Previous address
" Birth date
" Current employer and previous employers
" Phone number
2. Your credit history: Your credit history will show your payment history with current lenders such as:
" Credit Card companies
" Mortgage companies
" Retail stores
" Finance companies
3. Inquiries: This is where lenders are finance companies have requested your credit report. The rule of thumb is the less inquiries the better.
4. Public Records: Your credit report lists any obligations that may affect your credit including the following:
" Judgments
" Tax Liens
" Bankruptcies
Credit Reports are now available to any organization that is trying to grant you credit, or a company considering hiring you. Your personal credit report is so important during this day and age that you need to have a current copy to see what they are seeing. Even landlords are pulling credit in order to grant you permission to rent from them. With all this in mind, it is highly recommended that you have recent copy of your credit report, so that you are aware whats being reported in regards to your personal credit history. Most of the companies that provide credit reports, dont understand credit, they just sell you a credit report.There are also websites that offer a credit report for Free but fail to mention that you will not get a free credit score. Make sure when you obtain a copy of your credit report it comes with all 3 reports and score. It makes no sense to get copy of your credit report without your scores since creditors look heavily at your credit scores. Remember "your Credit is your Life."
- Related Videos
- Related Articles
- Ask / Related Q&A
- How to Drastically Improve Your Credit Report FICO Score Fast!
- Fifo Score - Best Way To Improve Your Credit Report Fico Score Fast!
- Credit Card Debt Reduction: A Good Opportunity To Rebuild Your Finances
- All About Your FICO Score
- 0% APR Credit Cards Explained
- Credit Card Debt Reduction: Your Opportunity To Rebuild Your Finances
- The Secrets behind the FICO Score
- FICO Scores And Need For Credit Repair




Pre Foreclosure Listings - Huge Saving On Your Dreamed Home
By: Hector Milla | 03/12/2009The satisfaction of owning a beautiful home in a great neighbor is one of life’s greatest pleasures.
Higher Profits with Pre Foreclosure Listings
By: Hector Milla | 03/12/2009The profit potential available from auctions is unlimited.
Pre-Foreclosure Listings Mean the Best Bargains Ever
By: Hector Milla | 03/12/2009When it comes to bargains in real estate, it is hard to beat the bargains you will find in the Pre-Foreclosure listings.
Pre-Foreclosure Listings - Properties with the Best Bargains
By: Hector Milla | 03/12/2009Everyone wants a bargain. Whether you are professional flipping properties, or first time buyer, the best approach to buying homes at a foreclosure auction are the same. You must be prepared.
Capitalizing on Pre-Foreclosure Listings - Potentially Higher Profits
By: Hector Milla | 03/12/2009Now is the time to invest in real estate. Foreclosed homes are at the highest rate that they have ever been.
Free Pre Foreclosure Listings - Get a Good List 100% Free
By: Hector Milla | 03/12/2009The quality of foreclosure listings is a major concern.
Online Pre-Foreclosure Listings - How To Obtain Them For Free
By: Hector Milla | 03/12/2009For countless numbers of real estate investors pre foreclosure listings are an ideal way to find the ideal investment property before everyone else has a chance to know about it.
Real Free Pre-Foreclosure Listing. Where are They?
By: Hector Milla | 03/12/2009You may ask, where are the companies that provide free foreclosure listings?
Why Banks Have Been Extending More Credit Even as They Clamp Down
By: Mike Clover | 05/02/2009 | FinanceThought you could not get a loan ?
Identity Theft Can Steal Your Good Credit Scores, and Your Reputation
By: Mike Clover | 03/02/2009 | FinanceBe aware of Identity Theft.
High Credit Scores Create Happy New Homeowners
By: Mike Clover | 31/01/2009 | FinanceGood credit scores make life a lot easier.
Cheating on Your Taxes Could Cheat You Out of a Loan
By: Mike Clover | 29/01/2009 | FinanceNo provable income no mortgage loan.
New Fico Credit Scoring System Could Help or Hurt You
By: Mike Clover | 13/01/2009 | FinanceHow the new FICO score model could affect you.
The Credit Crunch: How Did it Happen?
By: Mike Clover | 09/01/2009 | FinanceGet your credit healthier with creditscorequick.com
Average Consumers: Fico Score Too Low for Good Rates
By: Mike Clover | 07/01/2009 | FinanceCreditScoreQuick.com your credit information site.
Fha Loans Below 580 Credit Score
By: Mike Clover | 21/08/2008 | FinanceLearn why your credit score needs to be as high as possible to get a mortgage.