CREDIT SCORES

Credit Scores or Credit Report is a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. The credit reports determine the finance creditability of an individual. It is also known as Credit History and it helps in narrowing down the financial problem areas. It just contains the personal data of an individual, which comprises of past and present addresses, employment history and the individuals social security number. It also contains the summarized credit history like loans, recent inquiries, credit accounts and so on. This information is used by lenders such as credit card companies to determine an individual's credit worthiness.