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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.

Featured Tip

5 Common Ways to Protect Against FraudHere are basic precautions against identity theft, check fraud and other financial scams:
1. Be wary of requests to "update" or "confirm" personal information -- especially your Social Security n ... Read more


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