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School is back in session, but many people still have questions about a subject that is rarely taught in the classroom: their credit. Here, credit reporting bureau Experian explains the truth behind these common credit questions.
What is my credit report used for?
Credit reports often are referenced to help lenders quickly and objectively decide whether to grant consumers credit and under what terms. Information from credit reports can be used for select employment, rental housing, licensing, insurance and other specific business relationship decisions. Consumers also can check their credit reports for signs of identity theft or use them to better understand what influences credit so they can make more informed financial decisions.
Typical credit reports inc...
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