What is a Credit Report?

A credit report will be obtained as part of the loan application process. The credit report will show your payment history, credit limits, monthly payments and current balances.

If you would like to request a copy of your current credit report in advance, there are two major credit reporting companies: Equifax (1 800 465 7166) and Trans Union (1-877-713-3393). Obtaining your credit report is as easy as calling and requesting one. Once you receive the report, it’s important to verify its accuracy. Double check your credit history, your current credit limits, and any past due accounts. It’s a good idea to follow up with any creditors showing past due accounts, which might affect your ability to be approved for financing.  If there are any incorrect items, be sure to have the creditor remove them from your report.