A credit report is like a thermometer. It reflects a credit profile at a point in time. Depending upon your credit history it may contain both a positive side and a negative side. In order to significantly improve or maintain a credit score, both sides must be dealt with equally.
A husband and wife in their late fifties come in to the office with a problem. All of a sudden their interest rates in their credit cards went up without warning. They were generally frugal people who used the cards conservatively and couldn’t understand what happened. I pulled their credit report and found three unpaid medical bills. The bills were from tests the husband had submitted to as part of treatment for an illness. I don’t understand, the husband said, I thought my insurance had covered those tests!!