Credit Records and Reports
Kailey Rait and Eli Monroe
What is a credit record or report?
A credit history or record is data of a borrowers responsible repayment of debts and a record of the borrowers credit history from a number of sources, including banks, credit card companies, collection agencies and governments. A credit report contains your credit history as reported to the credit reporting agency by lenders who have extended credit to you. The information in your credit report is also used to generate credit scores.
10 things located on a credit report.
- Your name and address
- Social Security number
- Date of birth
- Previous and current employment information
- Installment loans
- Open and closed account
- Recent credit and loan applications
- Bankruptcies, repossessions, and foreclosures.