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What is a Credit Report? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

A credit report is a report that typically contains a person's credit score and detailed information on their financial history, including open and closed credit accounts, loans, bankruptcies, late payments and any recent credit inquiries. Credit bureaus sell credit reports to creditors deciding whether or not to extend credit to prospective applicants, with the applicants' permission.

 

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