A report of your credit history

A report furnished by a credit reporting agency when requested by a lender or the individual named in a report. A credit report lists available credit and a borrower's payment history including on-time payments, late payments, and the number of times a loan payment was missed.

An Inquiries list identifies the credit grantors and other authorized parties who have received your credit report. Inquiries also contain lists of the companies that receive your name and address information for the purpose of offering you credit.

It also may include judgement liens to colllect a debt, bankruptcy petitions, and tax liens. Credit reports retain adverse credit information for seven years, and bakruptcy petitions for a ten year period. Federal law requires credit reporting agencies to give consumers the right to inspect their credit report and write comments if they disagree with it.


See: Underwriting
Compare: Consumer reporting bureau