Who Looks at My Credit Report? (cont.)
Contributed by Kristy George
Loans and Your Credit Report
For any type of loan you may apply for, the lender will most likely pull a credit report. This includes car, house, and personal loans. A lender for a car lot is more interested in your past car loans than anything else on your credit report but will also look at your score which is affected by all your credit. Usually banks that are lending for a house will knit pick your credit report and make you clear up anything negative on your report before allowing you to borrow the money to buy a house.
Personal loans are also a very common way to clear up debt. You might apply for a personal loan at a bank or loan office. Either way they will pull a credit report to see if you are a risk to loan money to.
Renting
Even if you are not interested in buying a house, your credit may still get pulled if you are renting. This is a common occurrence when trying to rent from an apartment complex but it is also becoming more common for regular people when renting out their house. People are less trustworthy these days and want a credit report before renting to you to determine whether you might skip out on rent. Of course you can't judge everything by a credit report, but it does have your credit history in writing.
