tailieunhanh - What You Should Know About...Credit History

I appreciate the reasons for the regulatory forbearance at Fannie and Freddie, but we should recognize it for what it is. In this connection, I am reminded of the story of the man selling pencils on the street. A potential buyer comes up, looks at the pencils, and says, “These look like very well-made pencils. How much do you charge for them?” The seller says, “Ten cents each.” The buyer replies, “That’s a good price.” The seller says, “You’re not kidding, since they cost me 20 cents a piece to make.” The buyer asks, “But if you’re selling them for. | What You Should Know About. Credit History CREDIT REPORTS CREDIT SCORES BUILDING A STRONG CREDIT REPORT YourMoneyCounts Understanding what your credit history is what s in it what s not in it and how you can improve your credit profile can help you reach your financial goals. If you ve ever been turned down for credit you re probably all too familiar with the power that your credit history has over your ability to borrow. But even if you ve never had a credit problem the more you know about what your credit report is how your credit score is calculated and who uses your credit reports and scores it isn t just lenders anymore can only help you make more informed financial decisions. It might seem strange and even a little disturbing to know that the way you ve used credit in the past is tracked in careful detail. And you might feel that you have no control over what potential creditors think about your creditworthiness. But nothing could be further from the truth. Your decisions and your actions determine your credit profile and you can always take steps to make that profile stronger. 2005 HSBC Finance Corporation. All rights reserved. This content is provided as educational material only and is not intended to solicit you for any product or service. These materials are not a recommendation by HSBC for any product service or financial strategy. The suggestions and recommendations contained within are general in nature and may or may not apply to your particular circumstances. Securities annuity and insurance products are not FDIC insured or insured by any federal government agency of the United States subject to investment risk including possible loss of principal invested. All decisions regarding the tax implications of your investment s should be made in connection with your independent tax advisor. Should you need further assistance HSBC strongly recommends contacting an independent attorney tax professional or financial consultant. Your credit history You re .