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To determine if that person should be given a loan or credit card

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Q: How do credit card companies use a persons credit report?
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Were does information containded in a credit report come from?

Information in a credit report comes from banks, mortgage lenders,credit unions, credit card companies, insurance companies, landlords, department stores and employers.


If you add second person to credit card will it show up on their credit report?

Yes, it does show up on that persons credit report. If you are late on payments, it will negatively impact his/her credit report.


Can a company not report good credit but will report bad credit?

Technically, yes, but usually this is not the case. Most major companies will post the good and the bad, particularly credit card companies and banks. Other companies will only report the negative, such as utility companies, apartment rental companies, etc.


Is it true if you add a person to another persons credit card it can improve the first persons credit rating?

If it does report it will show that you are just an authorized user, most cards don't even report authorized users anymore.


What are the downfalls in using a small business credit card?

Many credit card companies will require that the credit card be guaranteed by the business owner. This means that the credit card would show up on the business owner’s credit report. This might pose a problem if you get into substantial debt.


If you have good credit history with some credit cards will they still show that on your credit report and that you paid on time after filing chapter 7?

It depend on the individual credit card companies if they report on your credit history or not, like some department store credit cards may not show on a credit report


What companies offer check free credit report?

Free Credit Score and Experian are the two main companies that provide credit scores. However, beware of free trials with the companies. They are often difficult to cancel and could charge your credit card.


What does elan financial on credit report mean?

Elan Financial Services processes applications and services accounts for small credit card companies.


Do I need to report stolen credit cards to all 3 credit bureaus?

You will not need to report your personal credit cards stolen to the credit bureau. Once you have reported your cards stolen to the credit card companies they are with, they will take care of the rest for you.


How do credit card companies use a person's credit report...?

When a person applies for a car loan, mortgage or credit card, the lender determines if lending money to the consumer will be a risk. Credit scores are one way to help credit card companies make the decision to issue credit. To determine if that person should be given a loan or credit card (apex)


If you file bankruptcy will that remove a charge off report from a credit card?

Filing bankruptcy does not remove a charge off report from a credit card on your credit report. It just adds bankruptcy to your credit report.


What companies offer the check my credit report for free feature?

A number of companies tend to offer free credit reports but most ask for a credit card info before offering a report. Equifax, Experian vand Transunion offer free credit reports every 12 months.