The ABCs of Getting Credit Under Control

clear simple mortgage:

"What is a credit report ?
Your credit payment history is recorded in a file or report. These files or reports are maintained and sold by 'consumer reporting agencies' (CRAs). One type of CRA is commonly known as a credit bureau. You have a credit record on file at a credit bureau if you have ever applied for a credit or charge account, a personal loan, insurance, or a job. Your credit record contains information about your income, debts, and credit payment history. It also indicates whether you have been sued, arrested, or have filed for bankruptcy. "