BEFORE lenders can give you the green light on a new loan, they need to establish your creditworthiness. They can either take stock of all of your assets or your browse your credit history, through your credit report.Think of your credit report as a “snapshot” of the bills you pay –credit cards, rent, student loans — and how efficiently you pay them. Based on that report, and other information, your credit score is a holistic assessment of your creditworthiness, summarized in a number grade.You’ll want to check your credit score before applying for a mortgage, but you can keep your credit file up to date by checking your credit report regularly. Here’s how:
