Why are Credit Reports so Important March 4, 2008
Posted by jshum in : Credit Report , add a commentYour credit report says a lot about your financial life. Employers are now actively running credit checks before extending an offer because if you can’t manage your own financial stability, how are you going to manage someone else’s?
Credit score reports allow you to find the kinks in your overall score. Your credit score is a measure of your propensity to be trusted with money. Part of your credit report may identify such factors as:
- Old credit cards not used
- Too many credit reports run by 3rd parties (not you)
- Late or overdue payments
- All credit cards ever owned
- Debt to income ratio
You should check your score each year to figure out how to adjust your credit behavior.
