Your credit report has such a great bearing on your financial standing. Every time you apply for any form of credit, a company takes a look at your credit report. Sounds basic but its pretty serious. Creditors like your credit cards, utilities, and even cell phone provider (essentially any company that you pay on a monthly basis) report your account standing to the credit reporting agencies. With all these companies looking at your personal information, don’t you think you should have at least an elementary understanding of what kind of data is stored in your credit report??