Credit Report Rome NY

A credit report in Rome can help or hurt you, depending on how well you’ve managed credit in the past. If you’ve had little or no credit, lenders won’t have much to go on, so you may not be approved.

Local Companies

Chase Bank
(315) 363-5000
150 Main St
Oneida, NY
Citizens Bank - Whitesboro
315-736-0106
89 Oriskany Boulevard
Whitesboro, NY
Bank of America - New Hartford
800.432.1000
50 Genesee St
New Hartford, NY
Bank of America - Whitestown
800.432.1000
34 Oriskany Boulevard
Whitesboro, NY
Bank of America
800.432.1000
911 Cornelia St
Utica, NY
HSBC Bank
1.800.975.HSBC (4722)
New Hartford Shopping Ctr 1 N Hartford Shopping Ctr
New Hartford, NY
Citizens Bank - Utica / Wal-Mart
315-724-8780
710 Horatio St
Utica, NY
Bank of America - Camden
800.432.1000
57 Main St
Camden, NY
Bank of America - Utica Business Park
800.432.1000
133 Business Park Drive
Utica, NY
Bank of America - Rome
800.432.1000
1714 Black River Boulevard
Rome, NY

If you’ve ever applied for a loan or credit card, a credit check has been an integral part of the approval process for the lender. Your credit report is used to determine whether or not they are willing to do business with you. This is why many consumers cringe when they hear the words “credit report.”

A credit report can help or hurt you, depending on how well you’ve managed credit in the past. If you’ve had little or no credit, lenders won’t have much to go on, so you may not be approved. If you’ve gotten behind on payments or run up more debt than you could handle in the past, lenders may determine that you’re too risky to work with. But if you’ve kept your debt manageable and made your payments on time, you shouldn’t have much trouble borrowing money.

Credit reports contain extensive information regarding your credit history. Here is what you will find on your report:

  • Y

    our name and address history – Your creditors inform the credit bureaus of changes in your name and address. This information should be up to date if you have open accounts, but otherwise it might not be.

  • Your Social Security Number – This is used to track your credit information and make sure that it is included in the correct report.

  • The names of your creditors, account numbers and account types – This indicates who you borrowed from and the nature of each account. Common types include installment loan, revolving credit, auto loan and home loan.

  • The dates your accounts were opened – If you have closed accounts, the date closed will be shown as well.

  • Your credit limit or high credit and balance – A credit limit is shown for credit cards and lines of credit. For loans, the highest balance is shown. The current balance is also included.
  • The amount past due on each account – If you are behind, the creditor will report how much you need to pay to make your payments current.

  • Number and length of delinquencies – Each time you are late with a payment, your creditor reports it. Delinquencies are broken down into three groups: 30-60 days late, 60-90 days late, and over 90 days late. Visit Credit Card Watch to see what can happen at Chase if you miss a credit card payment.

  • Accounts in collections – If a creditor has turned your account over to a collections agency due to non-payment, this will be noted on your credit report.

  • Credit inquiries – When a lender checks your credit, the credit bureau makes a note in your file. Inquiries remain on your report for 90 days.
  • Public records – If you’ve had a judgment filed against you or filed for bankruptcy, the credit bureau will learn about it through public records and display it on your credit report.
  • All this information plays an important role in a lender’s determination of your creditworthiness, but it’s not the whole story. Lenders also look at a number of other factors, including income, employment history and debt-to-income ratio. Keeping your credit report in good shape is very important, but even a perfect credit score doesn’t guarantee that you’ll be able to borrow all the money you want.

    Click here to read more from TheAdvice.com

    Related Articles
    - Credit Counseling for Credit Repair Rome NY
    It is highly recommendable being proactive cleaning your bad credit records and get the benefits of a cleaned and healthy credit report, while this might be done by yourself in some circumstances, it is advisable specialized advise in others. By researching and comparing the best credit repair companies you will be able to determine, the one offering a highly rated credit repair services.
    - Best Credit Repair Service Rome NY
    - Finding Perfect Bad Credit Company Rome NY
    - Credit Reporting Agencies Rome NY