#credit report no credit card
Free Credit Score: Start Here
What is Credit History?
Your credit history starts right from your initial borrowing of money or application for credit. It contains in-depth detail of your past financial activities which includes when and how much you borrowed or repaid, any late payments (generally 30+ days overdue) and even bankruptcy information. Your ‘credit worthiness’ is indicated by your credit history. Credit card companies, banks, auto loan companies, mortgage companies and other major lenders use this information to make a decision on whether or not to lend you money and at what interest rate if so.
Stay Informed of Your Credit Report
One of the main tools for lenders to determine how much to lend you and at what interest rate is your credit report. It sums up all the in-depth information from your credit history. Your credit worthiness is a score or rating that commonly comes with your credit report. TransUnion, Experian and Equifax are three major credit bureaus that provide credit reports. They implement the FICO model in assigning FICO scores between 300-900.
Know What AK Companies Think of Your Credit
Your credit worthiness plays a siginificant role in your life in AK. Good credit is a determining part of everything from having a credit card or qualifying for a mortgage. It is suggested that you are familiar with your credit history and credit worthiness.