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Credit report access.
When you've provided consent to access your credit
report, the lender,
landlord, or other financial institution contacts the credit
bureau, usually
automatically by computer.
The credit bureau, within seconds, assembles a credit report using the
credit information in its files.
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 The
credit bureau does not decide or recommend.
That is up to the
companies that grant credit and lend money, and they all have their own
standards for doing so. They use credit information on a credit report to
help in making a decision, but they may use other information, such as
your income or bank balance, as well. |
What are the benefits of credit
reports? Credit reports make
credit buying fast, easy and safe for qualified applicants. Home
ownership, automobile ownership, and the convenience of purchasing by credit card are just some of
the benefits of credit reports in our society today. |
