Lenders may use a person's credit report information to decide whether they can get a loan and the terms they will give for a loan (for example, the interest rate they will charge).
Insurance companies may use the information to decide whether a consumer can get insurance and to set the rates they will pay.
Employers may use a credit report, if a potential employee gives them permission to do so, to decide whether to hire someone.
Telephone and utility companies may use information in a consumer's credit report to decide whether to provide them with services.
Landlords may use the information to determine whether to rent an apartment to a potential renter.
A credit report contains a person's credit history that includes information about their name, address, full or partial Social Security number, date of birth, and possibly employment information.
Information about credit that a consumer has or had is also included on a credit report, This can include credit card accounts, mortgages, car loans, and student loans. It may also include the terms of credit, how much a debtor owes to their creditors, and their payment history.
Other information contained on a credit file are court judgments, tax liens against property, whether a debtor has filed for bankruptcy, and a list of companies or persons who recently requested a copy of one's credit report.
To view where consumers can get their annual free credit report from Equifax, TransUnion, and Experian they should follow the information and instructions given at http://www.badcreditmd.com/
Bad Credit MD, is a free On-line consumer information guide that helps people with credit problems in Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. This self-help site has over 500 pages of credit advice and articles. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.