A credit report is a record of an individual’s credit history, including their credit accounts, payment history, and other financial activities.

It is used by lenders, creditors, and other financial institutions to assess an individual’s creditworthiness and ability to manage credit responsibly.

A credit report may also include information about bankruptcies, foreclosures, and other negative financial events. Lenders and other institutions use credit reports to make decisions about whether or not to extend credit or offer financial products to individuals.