subject: Save Precious Time By Managing Your Credit File Online [print this page] This file is very important both for you and for the lender or creditor who is lending you money. Thus once you apply for credit this file would be scrutinised by the lender and then they will think of giving you money.
You can very well understand that this is the most important thing in the lending business next to money. What makes this file even more important is that it even stores the past records of your credit. Like the months when you paid the bills, the amount you paid and even the months when you failed to pay. Thus you need to have a good reputation such that the creditors can have their trust in you. But there is no need to worry if you pay your monthly dues and keep a clean chit.
Nowadays with the advent of technology and computer communication you can also manage your credit file by sitting at home with the help of a computer and the internet. This is known as credit file online, where you can manage your credit file from being online. In this way you would be able to see credit report as well as know your credit score just by being online, and you wont have to take the trouble of going to the creditors office to get the information.
Now one thing that many of us think as a problem is the transformation of paper work to computer data. Lets face the facts, that many of us dont trust this new technology whole heartedly. And to be true there are valid reasons behind it. The credit file contains vital information about your personal details like name, address, contact numbers, date of birth among other things and with that, it also lists your credit amount, number of loans, amount of credit taken, amount you have paid back. It also stores information regarding default in payment of any month, if there is any.
So you would never want this information to fall in the wrong hands and who would exploit the situation. Either you are given an id with a password or you would be asked a few questions regarding your credit that you would have to answer correctly to get access to your account. But your account can be accessed by a few people like your credit card company and the lender. At times it is also accessible to other creditors who are thinking of offering credit to you. Therefore your credit file being online can be accessed by certain people but that doesnt mean there is a breach in security as there are security measures that are installed to stop someone from data theft.
by: Suman
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