Credit Report: This is a report which is generated by a credit reporting agency (such as Trans Union, Experion or Equifax). It is supposed to show accurately the history of your on-time and late payments on mortgages, credit cards, rent, utilities, and other debts. It may also show how much you owe on your various debts and whether you have taken the maximum amount of credit available to you through credit card borrowing. Your credit reports are used, with other information, to generate a credit score that is supposed to reflect how good a credit risk you are.

 

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Credit Report: This is a report which is generated by a credit reporting agency (such as Trans Union, Experion or Equifax). It is supposed to show accurately the history of your on-time and late payments o . . . View Full Definition

Consumer Credit Report: The Fair Credit Reporting Act (FCRA) defines a consumer report as any communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standi . . . View Full Definition

Credit Laws: Fair Credit Reporting Act (as amended 1997) Federal law that covers the reporting of debt repayment information. It establishes when a credit reporting agency may provide a report to someone . . . View Full Definition

Credit Bureau: The three major credit bureaus — Equifax, Experian, and TransUnion — collect information about the way you use credit and make it available to anyone with a legitimate business need to see i . . . View Full Definition