Your credit report contains information about your creditworthiness . Financial Institutions and other lenders contact the credit bureaus when you create an application for a loan or a credit card, which helps them get a clear picture of your credit Information such as debts, money borrowed etc.
If you ever looked at your credit report, you'll know that the information may be sometimes difficult to understand. The Major factor you should be looking for is the Numeric on credit report. There are levels of how good your credit is by looking at this numeric number.
You may think how does this credit bureau have access to my credit history? Well, it is simple. Your banks and money lenders send that information to the credit bureaus.
Tips that may help you improve your credit profile.
*Pay your loans on time *Pay credit card bills on time *Get Other people to report your credit to agencies.
Its always a good practice to check your credit report often.