Have you ever wonder what is your credit health ?

Have you ever wonder getting a free annual credit report so that you understand your financial health status ?

It is very important to understand your credit rating as it is one of the most important factor deciding if you can get a loan from a finance institution.

If you have a good credit rating, then you will not having any problem getting a loan from a bank. Not only that, you will also able to enjoy much lower interest rate.

Likewise, if your credit rating is bad, you will be penalised by paying high interest rate, higher instalment and your loan amount will be lower compare to those who hold better rating.

Before you approach a bank for a loan, it is always better to get a credit report about your financial health.  Some times you may overlook some of the credit card payment and that indirectly affect your credit rating.

A credit report contains confidential information such as your personal information like employment history, assets and property, social security number, your payment history of all your credit card, debts, loan or mortgage.

The most important detail to look into the credit report is the debts that you have such as house mortgage, car loan, personal loan and credit card.  Please confirm you are the rightfully owner of the account, if there is a dispute, please report to the authority immediately as someone else could have been using your identity without your knowledge.