What is a Credit Report and How To Read It



A credit report is a summary of one’s past credit history, public records and their potential estimated credit worthiness. Experian, TransUnion, and Equifax are the 3 main national credit reporting agencies that maintain these records and data. Each of these credit bureaus works independently from others to gather information from lenders and creditors and other businesses with the intention to maintain accurate and up to date consumer credit profiles. This information is then requested by other creditors, lenders, insurers, employers and landlords to be used in evaluating an individual’s financial responsibility.

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