DO I NEED A FREE EQUIFAX CREDIT REPORT ?

Equifax is one of the three leading credit bureaus who produce credit reports on individuals, that are used as a basis for creating a credit score, and as such determining the suitability of lending to an individual and on what terms and conditions.

Anyone intending to approach Kubota Credit or any other lender would do well to obtain a copy of their credit report and check it for accuracy.

Depending upon where you live, you should be entitled by law to  at least one free copy of your Equifax credit report per year.

Your credit report will contain a significant amount of personal information that you have disclosed on an application form for credit, including items such as your date of birth, your Social Security number or social insurance number, drivers licence and passport.

The credit report will also contain information pertaining to any public records of things such as bankruptcy, your banking and checking details and any loans or mortgages or lines of credit that have been or are currently operative.

The value of obtaining a credit report is that it allows you to check that the information that is being used is accurate and up-to-date.

FREE EQUIFAX CREDIT REPORT

One of the most important reasons to check this is because not only is it important to make sure that the information that is held is accurate.

Again depending upon where you live, certain items that may adversely affect your credit report such as a bankruptcy or normally only able to be used in such a report for a certain period of years.

This means that after that time period this item must be removed from the credit report and cannot be used as a basis for your credit score.

Many companies who offer credit lending and use Equifax as a credit bureau, although there are others.

It is often advisable to get your free credit report from the other credit bureaus as well as they may hold different information, or be used different loan applications.