A credit report is a detailed record of your credit history, compiled by credit reporting agencies. It includes information such as your borrowing habits, payment history, and current debt levels. Lenders, landlords, and even employers may request your credit report to assess your financial reliability. The report plays a crucial role in determining your credit score, which is a numerical representation of your creditworthiness. Regularly reviewing your credit report is essential for spotting errors and understanding factors that may be affecting your credit score negatively.
