What is a Credit Report

find out what a credit report or a consumer credit report is

Before you find out how to get your free credit report I think it is important to first understand what a credit report is and who has access to your credit report.

Your credit report is also know as a Consumer Credit Report.

A Consumer Credit Report is a report of information maintained by a credit bureau. A credit report includes information on where you live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy.

Those who grant you credit, such as banks, may report positive or negative credit payment information to the credit bureau. Utilities Companies, such as the telephone company and your electric companiy, may also report your payment history.

When you apply for a loan, the financial institution where you apply may review this information and based on the information on your credit report they will decide whether or not they will lend you the money.

Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.

Here are additional resources on credit repair that you may also be interested in:

Who can look at My Credit Report?

What is on My Credit Report?

What is NOT on My Credit Report?

What is the difference between Credit Report and Credit Score?

Do you have any stories, experience, or tips you doule like to share with us on the topic of credit reports? Submit yout tips below.

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