Click Here to Get A Free Credit Report from Experian
A credit report is a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. In California, when a customer fills out an application for credit from a bank, store or credit card company, their information is forwarded to a credit bureau. The credit bureau matches the name, address and other identifying information on the credit applicant with information retained by the bureau in its files. This information is used by lenders such as credit card companies to determine an individual's credit worthiness; that is, determining an individual's willingness to repay a debt. The willingness to repay a debt is indicated by how timely past payments have been made to other lenders. Lenders like to see consumer debt obligations paid on a monthly basis.
These factors help lenders determine whether to extend credit, and on what terms. With the adoption of risk-based pricing on almost all lending in the financial services industry, this report has become even more important since it is usually the sole element used to choose the annual percentage rate (APR), grace period and other contractual obligations of the credit card or loan.
For a limited time, California residents can get a free credit report from Experian to determine their credit score. This report will also help keep you safe from identity theft and is currently available to you free of charge. Don't wait - this free credit report can save you thousands of dollars on internet payments, click on the link below to get your California free credit report now:
California Residents - Get Your Free Credit Report Now!
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