Consumer Credit Report
/ˈkɒnsjuːmər ˈkrɛdɪt rɪˌpɔːrt/
Definitions
- (n.) A detailed report compiled by a credit bureau that outlines an individual's credit history, including credit accounts, payment history, and public records, used by lenders to assess creditworthiness.
The bank reviewed her consumer credit report before approving the loan.
Forms
- consumer credit report
- consumer credit reports
Related terms
See also
Commentary
The consumer credit report is a key document in lending and financial transactions, reflecting an individual's credit behavior; accuracy and privacy of such reports are often regulated by law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.