Delray Beach, FL (PRWEB) June 4, 2010
NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, advises recent college graduates that it's never too early to get a good understanding of their credit report and score.
"Young adults just graduating from college should realize that along with newly-found financial freedom comes quite a bit of financial responsibility," said Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. "It's never too early to start building good credit with the three major credit bureaus and protecting your identity."
However, many college graduates are not clear on the fundamental details about credit and the information credit reporting bureaus begin collecting in their credit files from the time they open their first credit card.
"To begin understanding your credit report and score, you should know that there are three major credit bureaus, Experian™, Equifax™ and TransUnion™," said Ambrose. "But since credit reporting bureaus are all separate entities, they may each have different information on you resulting in different credit scores."
A credit file will contain information on the types of credit you have such as credit cards, your debt like outstanding student loans and credit payment history. They also contain housing information, employment history, your Social Security number and information that is public record including judgments, bankruptcies and liens.
Ambrose also notes that it's not only lenders and creditors that can get your credit report from the credit reporting bureaus. Insurance companies, collection agencies, landlords and with a permissible purpose can access credit files. Even potential and current employers can check your credit file with your approval.
"Having a basic understanding your credit report and score is critical in building good credit. Good credit can result in being granted better loans and lines of credit," said Ambrose.
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to check their credit report from each of the three major credit bureaus on a regular basis.