What is a credit report?

Review the basics of a credit report.
Justin
The complete written version of your credit history is called your credit report. You should review your credit report at least once a year to check for errors or fraud. And it’s a good idea to review it before making a big purchase like a house or a car.
Kayla
Also, keep in mind that you give others permission to look at your credit report when you do things like fill out a credit card application or apply to rent an apartment.
Justin
That’s right. Many landlords do a credit check to decide if they can count on you to pay your rent. And some lenders study your credit report to decide whether or not to offer you credit.
Kayla
Last but not least, an employer might check your credit rating when you apply for a job. If you have a good credit score it shows them that you’re responsible — and more likely to be responsible on the job.

Credit report information

  • Credit report is a written history
  • Credit bureaus maintain data
  • You can request a credit report
  • Others can request a credit report
  • Lenders and landlords use them
  • Employers (including the government) may use them

Click the Next button to find out how to get a free copy of your own credit report.