A summary of your recent credit history plus additional personal facts, including your age, address, marital status, employment history and other details that will help potential creditors or employers gauge your creditworthiness.
A credit report includes a record of all credit cards you currently hold, have held, or applied for. It also includes the credit limit and your payment history.
Also called "credit record" or "credit file".
Timely payment of your debts can have an amazingly positive effect on your credit report. It's much easier to borrow money when your credit report reflects that you pay on time. Check your credit report for errors once a year -- you are allowed a free credit report check from each of the three credit bureaus annually.
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