In a few words, credit check is a history of your payments to creditors and credit bureaus. The main idea of a credit check is to show if it's risky to borrow you money. For example, if you have debts, late and missed payments it can be difficult for you to take out a loan and you can be rejected, but if everything is okay and your credit history is in order than you will have no problems with taking out a loan and doors of all the banks and lenders will be open for you. There such lending options like deleted which you can get even if you have a bad credit, but if you are going to take out traditional bank loan or personal loan, car loan or etc you may have some problems, because the lenders will demand your credit check and if your credit history is no good you can be rejected.
Tue Aug 07, 2012 11:10 am
LottomagicZ4941 Senior Member
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Employers and land lords in some areas may also hold bad credit against you.
Above is the place to get your free report. Note that it is not your score. It is the data the three bureaus use to calculate your score. You don't really need your score, so don't pay for it. Your lender needs the score, so he'll look it up when you try to borrow money from him.
You can get one report from each bureau once per year for free. Each one will try to sell you your score. Don't do anything on these sites to send in money. There is no value to knowing your score, except for bragging rights.
Fri Aug 10, 2012 3:17 am
coaster Senior Advisor
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legitimate & allowable urls should be posted as urls completed with protocol, complete domain canon and delimiters because the phpBB engine automatically recognizes and renders them as clickable links.
(I had to fix a couple in this thread .... )
Fri Aug 10, 2012 6:46 am
Destiny Full Member
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A credit check report contains information about your borrowing history. Lenders and others provide information that ends up on credit reports. They report how much you’ve borrowed, how you’ve repaid, and other details about your borrowing behavior.
Fri Oct 26, 2012 1:46 pm
Blissboy New Member
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it is the information regarding to creditors. This information is important when you apply for a loan. Most lenders like to give loan for them whose credit score is excellent. it play an important role in processing your loan application and many financial deals.