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Written by Beth Reynolds
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As far as the bank cares, credit reports tell no lies  What is a Credit Report?A Credit Report is a document containing your credit history, credit activity and personal information. This report is created by the three major credit bureaus, which are private companies, and are independent of each other. The primarily purpose of a credit report is to provide creditors with information about you, to determine whether or not they will extend you a line of credit. In some cases a credit report can be reviewed prior to establishing an insurance policy or offer a position for employment. Most consumers check their credit report in an attempt to prevent identity theft and to use as leverage when purchasing a car or a home.
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Written by Randy Miller
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Your First Credit Card Is The Beginning Of Your Financial Responsability
Credit-card issuers want you as a customer. Go ahead, respond to one of thise solicitation that comes in the mail (or compare deals online at www .creditcards.com). If the bank where you currently have a checking or savings account issues credit cards, be sure to apply there. Or apply for a retailer or local department store credit card. Such cards are exceptionally easier to get, and you can build up a good credit history in about 6 months to a year by making sure you pay your bill on time. Then apply again for a one of the more popular cards like MasterCard or Visa. If you run into any problems with your application, apply for a secured card, which will require you to make a savings deposit equal to the credit line which is available when you apply.
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