When you apply for a loan, lenders will check your credit report, which is a written history of your credit. Your credit report will include any loans, credit cards or credit blemishes that have incurred in the past few years, as well as personal information and past inquiries on your report. Before you apply for a loan, it is a good idea to order a copy of your credit report, so you have the opportunity to see exactly what lenders see. Click here to get a free credit report!
A credit report is easily accesible online, there are websites that offer them for free. A good credit score is anything above 700 with 850 being the ultimate credit score. You can increase your credit by checking your score, setting yourself reminders to make payments and constantly working to lower your debt.