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Archive - May 2020

Understanding Credit Reports

Understanding Credit Reports

Posted On: May 18, 2020 by Prevail Bank in: Banking

What is a Credit Report?

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...

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Tags: Credit Report, credit score, mortgage, Savings TIps

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