How to Read and Understand your Credit Report
Understand your Credit Report
Tuesday 24, 2017
Your credit report is a crucial document that can have a significant impact on both your life and your lifestyle. It is through this report that anyone will ascertain whether you have good or bad credit. This will determine whether you can receive a loan, credit card or even a mortgage.
The best way to understand what is happening on your credit report is to review it periodically. While you are doing so, you need to be able to understand exactly what is revealed within it, and where you can get certain information. Your report may be overwhelming because it holds a considerable amount of information, and then can become very challenging to navigate. Here, you will discover how you should read through and then understand you report.
You need to begin by understanding that there are three major credit reporting agencies you will find in the United States. For the most part, they all follow the same format for your credit report. These agencies are Equifax, Experian and TransUnion.