Credit Report

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Credit is important for many reasons. Your credit score is used by businesses and lenders when considering whether or not to offer you credit. It's also used as a factor in determining your interest rate on a loan. And, last but not least, your credit score is a key factor in determining your eligibility for a home loan. If you have poor credit, it can be difficult to get the mortgages and loans you need to purchase a home or to get approved for an appliance or car loan. Fortunately, there are things that you can do to improve your credit score. One way to improve your credit score is to make sure that you always pay your bills on time. If you have ever had trouble with debt before, it may be helpful to contact your creditors and work out a payment plan. Once you have settled all of your current obligations, it will be easier to build up a good history of payment on your credit report. If you want to learn more about how your credit score is used and what you can do to improve it, consult with an excellent credit counseling agency. These agencies can help you understand your credit history and make recommendations that will help you improve your score.