Did you know that having a poor Credit Report can seriously affect your life?Many times the shopper does not realize the serious consequences of having bad Credit until it is too late. In fact, it can be one of the biggest obstacles in preventing you from borrowing money or buying your Dream Home.

Once you apply for a Mortgage loan, the Lender will request a copy of your Credit Report. Your Credit Report represents all of your financial information; including every Credit card you own, their Balances and payment history, and any Credit problems, including bankruptcy.

What is involved in your Credit history?

·Length of time you have had Credit

·How frequently you have borrowed money and successfully paid it back

·How much you owe verses how much Credit you have

·Foreclosures

·Bankruptcies

·Unpaid taxes

If you feel like there are mistakes on your Credit Report, there are ways to handle it.Contact the organization that is claiming you owe them money.Try to clear up the problem as quickly as possible, communicating through written information, sending it registered, so that you can create a paper trail.

If the Credit Report contains errors, contact the Credit bureau as quickly as possible.Law requires that they are to address your written request to correct mistakes within thirty days.