Chapter 11. CREDIT REPORTS
Santa Claus may know if you have been bad or good, at least in the 1934 song “Santa Claus Is Coming to Town” by J. Fred Coots and Henry Gillespie, but I'll bet the jolly old elf does not have as much information about you as the three major credit reporting agencies have in their files. Although your position on the naughty or nice scale may affect what you receive from Santa, your credit report and credit score can affect you much more significantly—from getting a job to getting a mortgage to whether or not an insurance company will do business with you. Often, the first indication you have that you have been victimized by identity theft is on your credit report.
According to the Federal Reserve Bulletin ...