4 important factors about your credit report

If you want to be successful financially, your credit report can be one of the most important tools in your arsenal. A good credit report opens doors to opportunities others do not have, such as getting a small business loan or investment loan.

Protect the following detailed items in your credit report like gold!

1. Personal Information Section: This area discloses things like your names, surnames, known aliases, Social Security number, date of birth, your current address and previous addresses, place of work, name of your spouse, open credit accounts, judicial cases and any public document, like bankruptcy and mortgage execution (foreclosure).

This tells a creditor about your character and habits.  They can make assumptions, like changing your residence every few months might show some instability.  If your employment changes often, this might show a bit of a compromise in your ability to pay your debts.