Credit is borrowed money that you agree to repay by a certain time. Common types of credit include home mortgages, personal loans, and credit cards.
A credit report is designed to help lenders decide whether you should be granted credit and how much you can safely repay. Your credit report is actually a credit history report. Your past credit history is the most important factor lenders consider when you apply to borrow money.
The first step in improving your financial options is the check your credit-worthiness. That is, to check your credit report. It is easy and secure to do so.
The second step takes a bit longer. It is to correct your report. When it comes to repairing or rebuilding your credit, it is something you can do by yourself. All it takes is a little bit of education.
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