Why Your Credit Reports Matter

Posted September 30th, 2010 by Kent and filed in Finances
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When receive copy credit report, se current creditors future creditors me decisions at you. he negative information you, past bills, accounts collection, tax liens, etc. worse yr financial situation.

Your current creditors information raise rates lower yr credit limits, cancel account. apply credit, creditor wl review report determine ty wt risk allow credit.

Other people check yr reports, sh insurance companies, employers, landlords. etc. ty fd negative information influence tr decision wt not. ao lean hr rates, etc. you’ve negative information report. Landlords refuse rent employers hire ge promotion se reason.

The federal Fair Credit Reporting Act Saysthat negative information stay report 7 1/2 years. Chapter 7 liquidation bankruptcy Chapter 13 reorganization stay yr record 10 years. tax lien stay yr report ul pay off.

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