Your credit report contains your credit history as reported to the credit reporting agency by lenders who have extended credit to you.
What’s in a credit report
Your credit report lists what types of credit you use, the length of time your accounts have been open, and whether you’ve paid your bills on time. It tells lenders how much credit you’ve used and whether you’re seeking new sources of credit. It gives lenders a broader view of your credit history than do other data.
Understanding Your Credit Report
The importance of a credit score from a credit report
Your credit report reveals many aspects of your borrowing activities. All pieces of information should be considered in relationship to other pieces of information. The ability to quickly, fairly and consistently consider all this information.
Credit reporting agencies
There are three credit bureaus: Equifax, TransUnion and Experian. They maintain files on millions of borrowers. Lenders making credit decisions buy credit reports on their prospects, applicants and customers from the credit reporting agencies. Lenders and other businesses use the information in your credit report.