Your credit report states how much credit you have used, whether you have repaid your credit on time, and how you have managed your credit. The credit report also includes other private information, such as your Social Security Number and employment history. If you are turned down for a loan or credit card based on a negative credit report, the credit bureau must give you a free copy of your credit report within 60 days, if you request it. In other cases, you must pay a small fee to receive a copy of the report. However, some bureaus will provide translation assistance, if you request it.
Some creditors offer lower finance charges and better services than others.
When choosing credit, compare annual percentage rates offered by different creditors, to find the lowest rate. Do not sign anything until you are sure that you understand the credit terms and can easily pay what you are promising to pay. If you cannot understand English, be sure to bring someone you trust to translate. Some financial institutions have translators or bilingual employees to assist you. Creditors who negotiate consumer credit contracts primarily in Spanish usually must give a Spanish-language translation of the contract to the consumer before the consumer signs.