What is a credit report?

Banking 2192 times1 answer1 follower
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danajhammoudeh 3 Rep. Tom answered

I would like to know what is a credit report, what information does it include and how is it beneficial for me?

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Tom 1.09K Rep. elliemartin1 edited answer

A credit report contains your credit history. It will be shared with banks when you apply for a financial product. It is beneficial to have a favorable credit report as it gives you a better chance of being accepted for any financial products you may apply for, credit cards, home loans etc. Hope that helps.

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