credit report

Definition

A report containing detailed information on a person's credit history, including identifying information, credit accounts and loans, bankruptcies and late payments, and recent inquiries. It can be obtained by prospective lenders with the borrower's permission, to determine his or her creditworthiness.

Use credit report in a sentence

Financial advisors recommend checking your credit report on a regular basis to get an early warning about fraudulent activities.

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My credit report came in the mail today, and I took a long look at it to see how my credit was doing.

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You should always check the credit report of the other party before you agree to loan them anything at all.

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