explaining a credit report\nexplain what a credit report is and list five kinds of information found on a…

explaining a credit report\nexplain what a credit report is and list five kinds of information found on a credit report.

explaining a credit report\nexplain what a credit report is and list five kinds of information found on a credit report.

Answer

Brief Explanations:

A credit report is a detailed record of an individual's credit - related activities. It includes personal information like name, address, and Social Security number. Credit accounts such as credit cards, loans (mortgages, auto - loans) are listed with details about payment history, credit limits, and outstanding balances. Public records like bankruptcies, tax liens are also included. Inquiries made by lenders or other entities when an individual applies for credit are part of the report. Collections information, which is about unpaid debts sent to collection agencies, is present.

Answer:

A credit report is a document that contains a consumer's credit history and related information. Five kinds of information found on a credit report are: personal information, credit account details, public records, credit inquiries, and collections information.