Credit Report
/ˈkrɛdɪt rɪˌpɔrt/
Definitions
- (n.) A detailed record of an individual's or entity's credit history, used by lenders and others to assess creditworthiness.
The bank requested her credit report before approving the loan.
- (n.) A statement provided by credit reporting agencies listing debts, payment history, and credit inquiries.
Errors in your credit report can affect your ability to get credit.
Forms
- credit reports
Related terms
See also
Commentary
In legal drafting and financial contexts, a credit report serves as evidence of credit history and is subject to accuracy requirements under consumer protection laws.
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.