A Quick Guide To Credit Reports

A credit report is basically a consolidated account of your previous borrowings and repayments. Every time you borrow, pay or delay, it will be reflected in your credit report. Money lenders use it to assess how much of a risk it would be to lend to you.

Through your credit report you will be issued a credit score. They will compute your borrowings and repayments against the time taken to repay and come up with a score of between 300 and 850. Read more »