Credit Report
A record detailing a person’s or entity’s borrowing and repayment history.
Detailed Description
Credit Report
What is a credit report?
A credit report is a detailed document that contains an individual's credit history, including borrowing and repayment behavior.
Why are credit reports important?
Credit reports help lenders assess creditworthiness, affecting loan terms and approval.
What are the key components of a credit report?
Key components include personal information, credit accounts, credit inquiries, public records, and collections.
How can I obtain my credit report?
You can request a free credit report once a year from each major credit reporting agency through AnnualCreditReport.com.
What rights do consumers have regarding credit reports?
Consumers have rights under the Fair Credit Reporting Act, including access to their report and the right to dispute inaccuracies.