A credit report is a document that has information about you and your financial history. It can include information like:
- Where you live
- Your credit accounts (mortgage, credit cards, auto loans, etc.)
- Whether you pay bills on time
- Whether you have been sued and owe money as a result of the lawsuit
- If you have filed for bankruptcy
Credit reporting agencies, also called consumer reporting agencies or credit bureaus, sell these reports banks, credit card companies, insurance companies, and some employers,. Businesses like these might use your credit report to decide things like whether to grant you a loan or allow you to rent an apartment .
Updated: July 2017