Know the 3 basic facts about your credit reports.
If you have attempted to apply for a loan from the bank or simply getting a credit card, you may have heard of the terms credit history and credit scores. The lending industry uses your individual credit history and credit scores to determine whether they approve your credit card, loans and even mortgage.
Why are some individuals flooded with decent credit card offers while others get turned down repeatedly and have to make do with credit cards with extremely high interest rates? Why do some people secure loans with better rates compared to others? It all boils down to your credit history as outlined in your credit report and your credit score. In this article, we talk about 3 facts about your credit report you must know and how you can improve your credit to get ahead financially.
