Tag Archives: identity theft

Your good credit can be used to determine your eligibility for everything from a loan to getting a new job. The credit report itself contains information such as your current and previous addresses, if you pay your bills in a timely manner, and even whether you have ever been sued or arrested, or filed for bankruptcy. That information is then gathered by three major reporting agencies, Experian, Equifax and TransUnion, and sold to potential employers, banks and financial institutions, who use it to determine whether or not to give you a loan or rent you a home. The Fair Credit Reporting Act seeks accuracy and privacy when it comes to information and credit, and you should frequently review your credit report to check for inaccuracies.