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Glossary

Credit Report

A credit report is a record of your financial activity generated and maintained by a credit bureau. The credit bureau records your financial behavior and uses this information to assign you a credit score. Your credit score is made available to businesses at their request. Businesses use the credit report to assess whether or not to extend credit to you, and with what terms. Credit reports include your name, addresses both current and past, employment history, taxes paid, information on loans you may have had, any history of bankruptcy, and other information related to your finances.

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