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What is a Credit Report?

Posted on 25 February 2009 by Gordon

A credit report is prepared for all people who have ever applied for credit. It is a document a lender will access to assess the credit worthiness or risk associated with a client.

Knowing what is in your Credit Report can help you:

  • Keep track of your credit-worthiness
  • Be aware of any errors or inaccuracies that may affect your credit rating that need to be investigated and corrected
  • Be alert to any possibility of financial fraud against you
  • Be empowered to sart the process to repair any “marks” against you that may affect your ability to gain approval for a loan.

If you have glitches in your Credit Report or Credit Defaults you may still have loan options. Loan Saver Network specialises in Loans for the Credit Impaired.

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