should reward you for making your payments on time and keeping a modest
balance. If your bank wont lower rates, even after paying on
time, shop around, compare card offers, catalogue of credit and debit card
have credit cards that are high interest rate, it is possible you've
paid something late in the past. Banks will raise their existing
customers credit cards interest rate for late payments on other credit
If you've ever applied for a credit
card, personal loan, or insurance, there's a credit report about
you. It is full of information on where you live, how you pay your
bills, and whether you've been sued, or filed for bankruptcy. Consumer
reporting companies sell the information in your report to creditors,
insurers, employers, and other businesses with a legitimate need for it.
They use the information to evaluate your applications for credit,
insurance, employment, or a lease. Inaccuracies in your credit report
can cause higher interest rates, longer payment terms and denial of
credit. Improve credit scores.
Credit Report with Score
The Banks Know Your
The common term for a low credit report rating score
is bad credit. Bad credit is not forever. Bad credit can be fixed.
Credit listings generally lose status after a period of time, usually
seven years, and then disappear from your credit report