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Credit Reporting

credit history
Credit Reporting Importance of Credit

Who Looks at Your Credit Report?

September 29, 2016

Your credit report shows a summary of your credit history. It shows whom you owe money to and the amount, your payment history, property you rent, and more. This information contained on a credit report also determines your credit score. Who pulls my credit report? Life is full of scenarios that may require your credit report—and it’s not just when you need a credit card or loan from the bank. It’s important to maintain good credit history or work to improve your credit for many reasons.

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Credit Reporting

Consumer Credit Reports

July 19, 2013

Many consumers are taking an active role in educating themselves on the importance of their credit history.  Not only is a credit report used to determine creditworthiness, it also can be used as a ‘character yardstick’ which can impact employment opportunities, insurance rates, and interest rates on loans. Free Annual Credit Reports Consumers may obtain free annual credit reports from www.AnnualCreditReport.com. This site allows consumers to review and print their Equifax®, Experian™, and TransUnion® credit reports. Reporting Responsibility We have a responsibility to report accurate information to the consumer credit reporting agencies, and take this responsibility seriously.

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goodwill letter requests
Credit Reporting Frequently Asked Questions

Goodwill Letter Requests to First PREMIER Bank

March 20, 2013

A credit report is a record of a person’s credit history including loans, outstanding balances, and payment histories. This report is used by businesses and lenders to make informed decisions about extending credit. Cardholders sometimes send goodwill letters asking for the removal of negative (but accurate) information from their credit report. Goodwill letters are often suggested on consumer credit forums as a way for consumers to clean up their credit reports. Although we truly empathize with past hardship situations where past payments were missed or late, we do not remove accurate information from a credit report, either as an act of goodwill or in exchange for payment.

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