Credit Report
Credit reports usually list credit lines that you have had for several years. This includes current credit lines that have been paid on time, credit lines that have been closed, and credit lines experiencing problems. Credit lines on your credit report can represent credit carts, debt collectors, student loans, car loans, mortgages, or any other form of received credit.
Interest Rates
Offered interest rates tend to be based in part on your credit rating, so much so that many loan program have a minimum required credit score. Mortgage lenders often have many different available loan programs, and each one may have a different credit score minimum.
Credit Repair
Credit scores can and do change over time, so it is important to resolve issues directly with each creditor. If debts are paid off, or errors are removed, you should call credit bureaus to let them know that a change needs to be made to the information they have about you. Do not assume your credit report will update quickly.
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