Credit reports have been around almost as long as credit cards. They do have some good points, and they certainly have some bad. They are notorious for making mistakes and for years, until laws changed, they were impossible to deal with as we tried to get errors corrected.
Your score is very important and is needed for many things, specifically anything that involves a loan. Basically your score is based on your payment history, so how you pay your bills, how much current credit you have and other factors. All of these many factors will be condensed into a three digit number.
Many people think that they are paying their bills so that they don’t have a financial problem. This may not be the case and in fact you may find that you are denying you have a problem. It is time to wake up and smell the coffee. Take a realistic look at your financial situation and see if you need to make some improvements.