Credit Card Check

A periodic credit card check needs to be done by a borrower in order to make sure that he has good financial history and that his loan statements are correct. Since a person will have to get credit card checks when he buys a house or a car, or applies for any sort of loan, he must make sure that the statements don't include any fraud and that his spending is under control. Many people have discovered mistakes on their statements when they went to apply for another type of loan, and then had to spend months correcting the problem before they could qualify for funding. The people who do financial research are those that use the information in rentals or leases. This way they can know if the borrower is a responsible person with a good financial history and therefore they can afford to sell or rent to the borrower.

For example, a company that rents an apartment will check a past loan status to make sure that the renter's past financial record is good. They also happen when a consumer signs up for a cell phone. If a borrower is considering one of these transaction, he may want to do a personal credit card check. Applicants can go to their bank to find out what services they provide. Most will provide credit card checks for a small fee. Armed with this information, the renter or consumer can confidently continue with his plan.

Companies use credit card checks because they want to be wise about making an investment in a borrower. If the borrower has a bad financial history, that person may want to alert the owner of the rental property or the cell phone company of the problem up front before the company looks at his past finances. Then the borrower can explain the circumstances around the bad statements and can negotiate a lease or purchase terms. A borrower who has bad financial information may find that he will be charged higher interest rates or even denied more funding.

Christians can show their integrity through credit card checks. A Christian who has good credit will show others that he takes his responsibilities seriously. Having good credit is way to honor the Lord in the decision to be responsible over finances. If a Christian does not have a good check up, then he can use that as an opportunity to go to the Lord, admit his weaknesses, and ask God to help him learn new financial habits. The psalmist writes, "Call upon me in the day of trouble; I will deliver, thee, and thou shalt glorify me" (Psalm 50:15). Whether we find that our credit card check is good or if it lacks integrity, we need to rely on God to help us with our finances.

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