Purpose of Credit Reports and Credit Reporting

Purpose of Credit Reports and Credit Reporting
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A person's credit rating comes from the credit report, which runs through the borrowing, charging and payment activities of a consumer. A good credit rating helps in attaining financial goals while poor rating limits opportunities. Since the credit report influences a person's qualification for credit, employment, insurance and housing rental, it is very important to maintain a good credit rating by paying bills and loans on time and by not taking on more debt than you can.