If you are in a loss about what your credit report is or why your score is what it is, then check out this guide on how to change your credit report.

A credit report is a collection of information about debt payment, and your past record with paying back owed debts made with credit cards and loans. A credit report is used whenever a company looks to sell a home, or a car, or a major appliance to a client on a credit based pay back plan. Whenever a person abides by the terms of buying with a credit report or on credit they agree to pay back that money within a set amount of time. The rate at which you pay back that debt is what effects your credit score, with paying back within the set amount of time increasing your credit score, and not paying back on time or at all creating a poor credit score.

If you are looking to create or change your credit score you can start by purchasing something with a credit card or taking out a loan. Once that is done you can proceed to increase your credit score by paying back the debt on time, or decrease your score by not paying the amount back. It is important to note that credit checks are done with all major purchases and bank account set-ups, so having a positive credit report is a beneficial thing.