Understanding Credit

• What is a credit report?
• Do I have a right to know what’s in my report?
• What type of information do credit bureaus collect and sell?
• What is credit scoring?
• Why is credit scoring used?
• How is a credit scoring model developed?
• How reliable is the credit scoring system?
• What can I do to improve my score?
• What happens if you are denied credit or don’t get the terms you want?
• Fair Credit Reporting Act