Tampa Bankruptcy Lawyer: Credit Reports
Who uses my credit report? When you apply for a loan or credit, the lender will ask for your credit report to determine the risk factor involved in providing credit to you. Other factors that can affect your credit application The following factors can also influence the lender’s decision: • Your debt to income ratio – The amount of money you owe compared to how much you make. • Length of your credit history – If you have a long credit history, the lender will consider your application favorably. • Payment history – Your payment history will let the lender know if you are regular in making your payments. • Other credit applications – If you have applied to many lenders at the same time, you may be reducing your chances of getting approved. • Stability – the length of time you have been at a job, the length of time you have been staying at the same address • Education – Your level of education also plays an important role. Lenders consider school drop outs more risky than a college graduate. Tampa Bankruptcy Lawyer Getting your credit report Contact any of the credit reporting agencies to get a copy of your credit report: Equifax Experian Trans Union 1-800-916-8800 You can get a free credit report every year from each nationwide credit reporting agency. If request for additional credit reports, you will be charged a nominal fee which is generally $11. Error on your credit report If you find any error on your credit report, you must dispute the error by informing the credit reporting agency. Tampa Bankruptcy Lawyer: Credit Reports.