- Your credit report records your payments on credit cards, installing loans, and other credit accounts. It helps creditors predict whether you are likely to be a good credit risk. Make sure you make your payments on time even if it is a minimum payment.
- Be wary of ads that promise you "instant credit" or "a major credit card regardless of your lack of credit history or past credit record."
- If you are rejected for credit, find out why. You can get a free copy of your report if you request it from the credit bureau that provided it, within 30 days of being turned down.
- Check to see whether the information in your credit report is accurate and complete. You are entitled by law to correct inaccurate information that appears in your credit bureau file.
Todd Probasco Mortgage Banker NMLS 232536 can be reach at 708.205.2983 toddprobasco@gmail.com or visit www.toddprobasco.com
