Credit Report
CreditA detailed record of your credit history maintained by credit bureaus (Equifax, Experian, TransUnion), used by lenders to assess risk.
Example
Example: If your credit score is 680 and you are applying for a mortgage, understanding credit report is essential. This concept can affect whether you qualify for the best rates — and the difference between a 6.0% and 7.0% rate on a $350,000 mortgage is over $80,000 in total interest. Check where you stand with our credit score calculator.