Credit Questions & Answers
Website CertifiedPrivacy Protected
Questions & Answers > Credit Report > Why is it important to have a credit report?

Why is it important to have a credit report?

By Derek Brown
Published: Sunday, September 20th, 2009

An individual’s credit report is crucial to their capacity to borrow money. This simply doesn’t mean the ability to have money like getting loan but even includes the capacity to get a rent or mortgage. This credit report will also affect the ability to have any type of credit from the financial institutions. The report will further affect the different terms and conditions offered by the financial bureaus. Poor credit report can result in high rate of interest.  

Every individual has the right to see their credit details in the report to check whether the details are right or not. In case there are some errors, you can apply to get them corrected on the credit report.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.