Anyone who has ever had a bank account, a mortgage, a credit card, a car loan, an account with a retail store etc. will almost definitely have a credit rating.
Most information in your credit rating comes from companies you have credit with such as banks, department stores, finance companies etc. as well as from certain public records such as lawsuits, tax liens, judgements and bankruptcies.
In accordance with Federal Law, accurate negative information, such as a late payment or an account turned over to a collection agency can remain on your credit report for seven years.
If you have been denied credit, insurance, a job or rental dwelling opportunity because of information contained in your credit report, you are entitled to a complimentary copy of your report within 60 days. If after checking you believe the information to be incorrect, you may file a brief statement explaining why. Inaccurate information on your credit may be removed, but no one can have accurate, current or verifiable information removed from your record.
Different states have different conditions and it is important you check your circumstances; especially in California, Colorado, Connecticut, Maryland, Massachusetts and Washington.