September 10, 2001

By: Linda Dziwenka
Website: http://www.ultimate-credit-report.com

Do know what the purpose of a credit check is?

There has been a credit check done on you if you have ever bought a car, owned a home, or signed up for a credit card. It is also viewed by banks when you apply for loans, mortgages and credit; by landlords when you apply for a lease; and by employers when they are considering promoting or even hiring you. Your credit report is the single determining factor for whether you receive approval on a credit card or loan. A credit check is simply a history of your debts and a record of your payment history.

Your credit check is compiled by a credit bureau using information: from banks, merchants, and other creditors. There are 3 main credit bureaus: Equifax, Experian and TransUnion. These three bureaus provide nationwide coverage of consumer credit information.

Because all of these other people have access to do a credit check on you, it's important to review your credit report on a regular basis. Get a copy and make sure that the information on file is complete and accurate. Review it carefully for inaccuracies or possible credit fraud.

Please visit our section for additional information.

About The Author:

Linda Dziwenka is a successful author and regular contributor to http://www.ultimate-credit-report.com.  She has a vast knowledge of how to obtain and use your credit, credit report, credit bureau and credit counseling to your advantage.