Making Yourself aGood Record

If you are anAmerican and you think you might need to borrow money someday,the best thing todo is

start early.

That'S because justas many employers want to hire only people with experience,banks and other

creditors areusually reluctant to lend to those________(51)a proven track record of payingback,

_________(52)time,themoney they have borrowed.

But if you needexperience just to get a start,how do you get that start in the first place?

With a little helpfrom your parents usually,while you are still financiallydependent_________(53)

them.It is easy toget a credit card or student loan when you are in college,because banks figureyour

parents will bailyou out if you fail to pay.

So just as studentstake on internships to build up their resumes,one's university time can be agood

time to work onanother important personal recorD.the credit _________(54).

Credit reports area_________(55)of one's personal credit history,gathered by a credit reporting

agency,or CRA.

Banks and companies一___________(56)hospitals,landlords andinsurance companies一regularly report to

the three main CRAsin the US__________(57)how their customers are doing at paying back the moneythey

________(58).

Anyone witha"legitimate business need"has the right to order individuals'reportsfrom the CRAs.

Potential creditorsusually compile the information in'the reports into acredit"score",ranking the level of

creditworthiness.Lackof experience in borrowing in__________(59)to a bad record of doing so,canresult

in a low score.

Even if you are notconsidering taking out a loan for such a large purchase as a home or car,your credit

report can beimportant to getting through life.Landlords often ask for the reports tojudge________(60 )

a person can betrusted to pay the rent. Credit checks are necessary for getting a creditcard,even for pur-

chasing a mobilephone calling plan.

People can obtain acopy of their own credit report,usually __________(61)a cost of around US

$8—9.

Some consumerorganizations recommend doing this once a year to allow one to catch anymistakes

__________(62)haveslipped into the record or,even worse,to find out whether any fraud has takenplace.

Though the system iscontrolled by laws __________(63)to protect people's privacy it isn't fool-prooF.

sometimes peopletake out bad loans in others'names,________(64)their records.

In a societyaddicted________(65)credit,that can be a disaster._________(52)

A.in

B.with

C.by

D.on