What Is A Credit Report?
A credit report is a file about a person that shows personal information and account and payment data. These files are created by credit reporting agencies and can help companies decide whether a customer is financially qualified for a product or service.
In the United States, there are three major credit reporting agencies (sometimes also referred to as a credit bureau):
- Equifax
- Experian
- TransUnion
These companies package and sell credit information to individuals, creditors, prospective employers, landlords, insurance companies, collection agencies, and others.