Credit reports and credit scores are very important information to every American individual Mortgages, insurance, car financing and utility bills are among the purchases that are affected by credit reports Almost everything we purchase, particularly the rather important ones like mortgage, are all affected with our credit scores or credit reports. The credit reports that are held by credit services are the basis for insurance companies or financing companies when they want to know the credit score of a particular customer, since they always base their ratings on credit scores. In America there are now a number of credit services companies, and some of them are affiliated with bigger companies who hold credit reports of a huge number of people. It is the person whose credit report is under who shall decide on how he or she would be keeping his or her credit report with a clean slate It can be very easy to ruin a good credit report, but it is very difficult to remove these negative scores since it would take time Some negative credit reports take at least seven years to be erased from the records . For as long as a person has a negative credit score, this would mean that he or she will be rated accordingly, this means having high insurance premiums for as long as that negative score is in the records There are now a lot of online scams that offer to fix your credit scores for you saying how they can do it in no time, when it fact these processes takes a long time and would take years to fix