CREDIT REPORT

A credit report is a detailed history of your debt repayment, and credit history.  Included in the report is how you paid your debts -- credit card bills, mortgage payments, utility bills, and other payments to companies and businesses.  The report is created by one of the credit bureaus.

The credit report is used by companies deciding whether or not to lend you money, extend credit, or get an understanding of how responsible a person you are -- your credit worthiness.