Glossary: Credit report

A report containing detailed information on a person’s credit history, a record of an individual’s (or company’s) past borrowing and repaying, including information about late payments and bankruptcy. It also includes all applications a person has made for financial products and whether they were rejected or accepted. Your credit report can be obtained by prospective lenders to determine your creditworthiness.

Glossary index   Glossary "C"
Last updated: Aug 2nd, 2011
Relevant to: Cut Your Debts