Hello everyone! My name is Brenda Butnick, and I’m a Financial Coach at Jewish Family Service in Dallas. I work one-on-one with clients to help them achieve financial self-sufficiency. We talked about using budgeting technology in my last blog. Today, I want to share with you why credit history is an important part of your life.

What is credit history? 
Credit history is a record of your past borrowing and repayment behavior, documented in your credit report. It includes information about your credit accounts, payment history, outstanding balances, and credit inquiries.This history is used by lenders to assess your creditworthiness and determine whether to offer you credit, as well as the terms of that credit. The more positive information you have in your credit report—like timely payments and low credit card balances—the better your credit will be.

Where can you find your credit report? 
Go to www.annualcreditreport.com, where you can access all three credit reports from Experian, Equifax, and TransUnion for free.

We’ll discuss the importance of credit reports in my next post on Friday, July 25th.

That’s all for your Financial Fitness today!

Until next time – take care and stay financially fit!