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What Is So Special About A Credit Report?In the modern world, credit reports are incredibly important. It is hard to imagine just how much of our lives are influenced by them and how much impact a poor credit file will have. For example, in most of the western world, we now need a good credit score to get a mobile telephone contract. If we suddenly appear to have a gambling or debt problem, we might lose our job, or have our overdraft cancelled or be refused insurance. It makes a certain amount of sense for employers to access the details of their staff, especially if the staff deal with financial matters. However, many large companies have taken to checking up on their key employees every 90 days or so. To many people, this seems to be overkill. Intrusion anyone? This is why a credit report is so important to an identity thief. Once they know enough information to be able to impersonate other people and apply for things in alternative identities, they literally have the keys to a goldmine! In the UK, there are two main credit referencing agencies, they are Equifax and Experian. In the USA, there are three, the same as in the UK and the third being TransUnion. The following pages will explore the subject of credit reports in some depth:
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