Mortgage Basics

Credit

Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more by clicking learn more below.

What is a credit report?

Your credit payment history is recorded in a file or report. These files or reports are maintained and sold by “consumer reporting agencies” (CRAs). One type of CRA is commonly known as a credit bureau. You have a credit record on file at a credit bureau if you have ever applied for a credit or charge account, a personal loan, insurance, or a job. Your credit record contains information about your income, debts, and credit payment history. It also indicates whether you have been sued, arrested, or have filed for bankruptcy.

do i have a right to know what’s in my report?

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what type of information do Credit bureaus collect ans sell?

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why is credit scoring used?

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how is a credit scoring model developed?

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how reliable is the credit scoring system?

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what can i do to improve my score?

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