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Search and compare credit cards eventhough you have bad credit. Even though some issuers deal with customers that have good credit histories, there are also banks that provide applications for people with bad credit. These credit cards may have reward programs, reasonable fees, and low interest rates.

Free Credit Protection

What is credit report?

are windows into your personal and financial life and health. Lenders and creditors look at your credit history to assess your creditworthiness. It’s to your advantage to know what your credit report says before you apply for credit so you can correct any inaccurate data.It can take up to six months for credit reporting agencies to make a change in your credit report, so give yourself at least that long before you start shopping for a mortgage, car or any other large purchase.

Why should I check my credit report?

Just as you have medical and dental check-ups periodically, you should check your credit report. Knowing what's in your credit report arms you with the information you need — your credit standing — when trying to secure favorable rates for a mortgage or other loan. Also, if you regularly check your credit report, you can protect yourself against credit fraud and identity theft, the fastest-growing federal crimes in the nation.

What Information Does a Credit Report Contain?

A consumer credit report contains four types of information: identifying information, credit information, public record information, and inquiries.

Identifying information includes:

• Your name
• Your current and previous addresses
• Your Social Security number
• Your year of birth
• Your current and previous employers
• If you're married, your spouse's name

Credit information includes credit accounts or loans you have with:

• Banks
• Retailers
• Credit card issuers
• Other lenders

Public record information includes any information that's contained in state and county court records, like:

• Bankruptcies
• Tax liens
• Monetary judgments

Inquiries indicate to other credit grantors that you have applied for new credit that could result in additional debt. Potential lenders view multiple recent inquiries on your credit report as a sign that you are overextending yourself.

What is a Credit Risk Score?

A credit risk score is a statistical summary of the information contained in a consumer's credit report. Sophisticated mathematical processes calculate scores by assigning numerical values to various pieces of information in the credit report. Credit bureaus provide risk scores to credit grantors who use them to objectively evaluate an applicant's credit-worthiness. The score itself is relative and will be viewed differently by creditors depending on numerous factors, including the creditor's risk level, marketing goals, and business practices. Your risk score will change over time as your credit history develops. You can order a copy of your credit score here.

Does a Credit Report Contain Other, Unrelated Personal Information?

No. Your consumer credit report does not contain information about your race, religious preference, medical history, personal lifestyle, personal background, political preference or criminal record.

How long Does Information Stay on My Credit Report?

Positive credit information remains on your report indefinitely, although information about an account will cycle off your report if no new information is reported about it for seven years. (Thus, a closed account will disappear from your report seven years after it is reported closed by the credit grantor.)

Most negative information remains for up to 7 years. Bankruptcies can remain on your credit report for up to 10 years. Other public record information can remain for up to 7 years. Most inquiries stay on your credit report for up to two years.

What Is a Mortgage Report?

A mortgage report is a special credit report that lenders use prior to deciding whether or not to extend you a home loan. Each report is compiled from credit reports from two or three credit bureaus. The mortgage credit reporting company purchases credit reports from the credit bureaus, combines them, and manually verifies specific information such as employment, credit account balances, and public record information.

What Is an Employment Report?

An employment report is a modified credit report that helps potential and current employers make hiring and promoting decisions. The employment report contains much of the same information about your loans and credit cards that your credit report has listed. However, your marital status, year of birth, and account numbers are omitted from the employment report.

Who May Check My Credit Report?

Federal law carefully regulates how credit reports can be used and by whom. By law, you have the right to obtain your own reports at a reasonable price. Before they can access consumer credit information, businesses must offer proof that they will be using the data for no other purpose than that allowed by federal law. 
 

According to the Permissible Purposes section of the Fair Credit Reporting Act (FCRA) a business or other person may gain access to your credit file that has a permissible purpose to receive that credit file. The permissible purposes include:

• A court order, or Federal grand jury subpoena.
• In accordance with written instructions from a consumer to whom the file relates.
• As part of a credit transaction involving the consumer.
• To review and collect the consumer's account.
• For employment purposes (only with the consumer's written consent).
• Underwriting of insurance for personal, family or household purposes.
• Government Agencies for determination of consumer's eligibility for a license or other governmental benefit.
• In connection with a valuation of, or an assessment of the credit or prepayment risks as associated with an existing credit obligation.
• In connection with a legitimate business need relating to a business transaction initiated by the consumer