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Your credit report is a very important piece of information about you. There are a few official credit agnecies that compile information about your income, employment, payment history for bills/creditor and other factors. They then use that information to give you a "credit score." Lenders of all types (government, banks, credit agencies) will look up your credit score before deciding on interest rates, payment terms, and lines of credit.
It is crucially important, therefore, that your credit report is accurate. Mistakes do happen--so before you approach a lender for a line of credit, you should check your credit report and clear up an discrepencies. Fixing an error is not simple, so it may be wise to use a lawyer or other organization that can help with the details.
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