Cheryl Barcelona Singh
Real Estate Consultant

A credit report contains information about your credit card and loan history, including how you make your payments and how much debt you have, and it may contain records of action taken against you because of outstanding bills.

Lenders, landlords, other service providers and third parties buy your credit information in the form of a credit report to help them decide whether to approve your application for a loan, credit card, or housing, or to offer you a product or service at a particular rate.

Before you go on your search to purchase a home, it's always good to be prepared.  In order to be approved for a home loan you should have the credit necessary to get your approval letter.  Checking your credit report and clearing up any mistakes and errors on your credit profile is the first place to start.

Your credit score is a mathematical model designed to predict credit risk, based on data contained within your credit file. Lenders typically review this type of information to determine whether to extend credit, and on what terms. A higher score usually means you pose a lower risk to the lender, who will, in turn, be more likely to offer you favorable interest rates. The information contained in your credit files changes over time and so might any new scores based on your data. For example, your credit score from a month ago may have changed if there has been any recent activity on your credit file. A number of factors can affect your credit score, including:

  1. Payment history
  2. Public records
  3. The length of your credit history
  4. Any new accounts you may have opened
  5. Inquiries into your credit file
  6. How many accounts you have in use

(Information on this page was obtained from

Contact Info
E-mail      CalBRE License Number: 01253008

Alliance Bay Realty     1922 The Alameda Suite #208, San Jose, CA 95126