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Small Business Insight

The Importance of Credit Reports

If you want to borrow money to buy property or supplies, your credit report matters. Credit reports are reports that provide a detailed history of an individual's borrowing and payment patterns. Lenders use this report to assess a consumer's ability to repay loans. Credit reports also help lenders determine the appropriate loan terms to grant potential borrowers. Thus, it's critical for individuals to monitor their credit reports. But even as a business owner, it's important to watch your credit. Here's why:

The Three Most Commonly Used Credit Cards

 
Do you love to travel? Do you carry a huge balance? Do you enjoy earning cash back on everything you purchase? There's a credit card for that. Actually, many, many, many of them. If you have a mailing address, you're well aware that you have options galore when choosing the right credit card for you. Out of all the credit cards out there, here are the three most commonly used credit cards in the United States, based on consumers' search patterns and the number of applications.