Check out HowStuffWorks.com to learn how credit report agencies influence who gets and doesn't get credit in this credit-based society:
If you've ever owned a credit card or applied for a loan, then you have a credit history. Your credit history is compiled and maintained by companies called credit reporting agencies or credit bureaus. Credit reporting agencies collect your credit history from credit card companies, banks, mortgage companies and other creditors to create an in-depth credit report. The information in that report is also used to calculate a three-digit credit score.
Read the rest at: www.HowStuffWorks.com
Great book to read, available at Amazon.com:
Your Credit Score: How to Fix, Improve, and Protect the 3-Digit Number that Shapes Your Financial Future, 2nd Edition
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