1. Your spouse’s
Your spouse’s credit standing is not mentioned in your credit report. Even though banks offer you the option of taking a joint loan yet your spouse’s credit behaviour is not given any weightage in your credit report.
2. Information about your
Utility bills would means bills including electric bills, water, society charges, telephone bills etc. Your credit report does not track payments you make for any of these bills. There have been indications that suggest mobile bill records are included in the redit report, but currently they are not.
3. How much you earn?
While
4. What and where you spend?
Be it a luxury car that you can ill afford or a large charitable donation, the credit report does not distinguish your spending. It is not take a judgement call on your expenditure as long as your repayments on loan and credit cards are made on time.
5.
Your credit report does not tell the interest rate you pay on your loans or credit card. In fact, it is the information in your credit report that affects your
Rajiv Raj is the Director and Co-Founder of $4
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