Why Your Credit Report Is Hurting You
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Consumer Credit Report – Do You Know What Yours Says?
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Home» WritingWhy Your Credit Report Is Hurting You Your credit history report is one of the key ingredients that many companies take into account when deciding whether to offer you any type of credit. By not knowing what is on your report, you are basically flying blind when it comes to dealing with these companies.
A consumer's credit history will take into account almost any type of good or service offered on credit. This includes everything from loans to credit cards, phone and utility bills and even rent. If you have been late in paying any of these, it may have made its way to your report and it may be hurting your chances of getting similar services in the future or getting them on reasonable ...
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![]() Consumer Credit Report – Do You Know What Yours Says? A consumer credit report is the annual assessment of each person's credit standing. By knowing what is on your you can get a lot of benefits when you go to get credit based services like loans, credit cards and even rent and phones.
Each year, by law, American citizens are entitled to obtain a free copy of their annual consumer credit report which basically details their credit risk profile. This allows companies who are considering extending some type of credit to the consumer to make an educated decision on the risk of that transaction. The better the credit of the consumer, then the better chance that company has of being paid back by the consumer.
By having a ...
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Tags: Non-Fiction, Writing
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