A credit report contains detailed information about an individuals 'credit' or borrowing history.
This report shows detailed information about a persons borrowing, including the frequency of repayments and whether any legal action has been taken due to the non payment of bills.
Also contained within your your credit report, is your credit rating
Your credit rating is used by many financial bodies to decide how much of a risk you are, when lending money. You may be refused credit if your non payment of bills has been recorded in your credit report. The lower your credit score, the higher interest you would be expected to pay on any loans as a result and your ability to get a mortgage may be affected.
Viewing your credit report is important to check that all the details are correct and up to date and may actually help you to rebuild a good credit rating if you are suffering from a bad credit rating.
To view a selection of financial products available to people with bad credit, visit Reset Loans.
To learn more about credit reports & ratings view the following sources:
Reset Credit Check, Unit 20, Garrick Industrial Centre, Irving Way, London, NW9 6AQ