What is a Credit Report?
A credit report refers to the comprehensive and detailed report of your credit history which is prepared by a credit bureau. That information in your report is used by credit bureaus to create credit reports. Lenders on the other hand, if you plan to apply for a credit, will use the details of the report to identify your worthiness as a debtor.
Equifax, Experian, and TransUnion are the three major credit reporting bureaus in the United States. They collect your significant personal details as well as bill-paying habits to create a unique credit report.
Furthermore, problems and errors may still occur in your credit report. So take note of these common errors and know how to fix them:
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