Credit-Repair: How To Repair Your Credit Report

A credit report is run on a buyer when he or she needs to buy something
that will take a long-term loan, such as an automobile or a house. The
credit report can come from one of three agencies – Equifax, Experian, and
Trans Union.
Each of these three agencies uses their own techniques of
arriving at a credit score and receiving credit information, so attention
should be paid to all three.
A credit report score can go up to 800, and an increase of 50 points is a big one, enabling borrowers to get loans they previously were denied, and getting loans at much better interest rates. A 1% drop in an interest rate on a $150,000 house, for instance, may drop a payment by over $100 a month, saving the borrower over $35,000
over the life of the 30-year loan.