Credit Profile, Understanding it is Very Important.Your credit profile is important. Protect it and keep your credit score intact. If your profile is damaged, you'll have to know how to repair it. 
Your profile lists what types of credit you use, the length of time your accounts have been open, and whether you've paid your bills on time.
It tells lenders how much credit you've used and whether you're seeking new sources of credit. It’s a picture of how you paid back the businesses you have borrowed money from. It also shows how you have met other financial obligations. Lenders request a copy of this profile when first time home buyers apply for a loan. There are usually five categories of information on a profile: There are many items that are NOT included on your credit file, including: If for any reason you believe that your credit file has been compromised you need to take immediate action. For additional information on your credit file and how to do
credit repair if you need it, click here.
If you would like to leave Credit Profile, Understanding it is Very Important and return to our First Time Home Buyer Credit main page, click here. Or return to First Time Home Buyers home page.
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