Truro drivers take control of credit scores with guidance from Truro Toyota

Truro Toyota helps drivers decipher and understand their credit reports

Dec 02, 2013, 05:30 ET from Truro Toyota

TRURO, Nova Scotia, Dec. 2, 2013 /PRNewswire-iReach/ -- In tough economic times, it is especially important for people to understand and take control of their finances. For those suffering from poor credit, one of the first steps to improving it is to know how to read a credit report. A credit report possess all of the important financial and credit information a person will ever need to access including the credit score, which is used by lenders, landlords and future employers to determine a person's credit history and financial reliability. The team at wants to help drivers from across the Truro area feel confident in reading and understanding their credit reports to make all future financial decisions much easier.


A credit report is separated into four parts; personal, public record, inquiries and credit history. The personal portion includes a person's name, birthdate, phone number, current and previous addresses, Social Security Number, marital status, employment history, etc. The public records portion has any information that is available for public viewing such as felony convictions or bankruptcy. The inquiries portion reveals anyone who has requested access to the credit report. The credit history portion is made of two parts; collection and credit accounts. The credit portion shows loan, lease and credit history information. The collection portion shows whether or not the account has been referred to a collections agency.

A person should also understand his or her credit score in order to take control of his or her financial status. Credit scores represent the probability of a person paying back a loan in a timely manner. It allows a lender to establish the risk he or she may take in lending a person money. Credit scores can affect a person's ability to obtain a loan, credit card, lease or mortgage. In some cases, people even have a difficult time getting a job with a low credit score. 

In order to improve a credit score, people must first know what their score and credit report are and understand what they signify. Then, they must make sure to pay bills on time and responsibly manage any credit cards. Keep balances low and don't open several credit cards, as that may significantly lower a person's credit score.

For more information on how to manage credit and get back on track financially, contact Improving credit is possible when individuals are informed and proactive. looks forward to helping drivers and individuals in the Truro area.

Media Contact: Christian Thompson,, (902) 895-9000,

News distributed by PR Newswire iReach:

SOURCE Truro Toyota