Understanding Credit Reports
Posted On: May 18, 2020 by Prevail Bank in: Banking
What is a Credit Report?
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Understanding your credit report is important when you’re looking to make large purchases such as financing a car, or a home mortgage. But what exactly is a credit report? A credit report works much like your high school report card, but for your finances. These reports contain a record of how and when you pay your bills, how much debt you have, and how long you have been managing your lines of credit.
The information in your credit report is used to...
