Credit Report

Business / Taxes / Credit Report: A credit report is a summary of your financial history. Potential lenders will use your credit report to help them evaluate whether you are a good credit risk. The three major credit-reporting agencies are Experian, Equifax, and Transunion. These agencies collect certain types of information about you, primarily your use of credit and information in the public record, and sell that information to qualified recipients. As a provision of the Fair and Accurate Credit Transaction Act (FACT Act), you are entitled to a free copy of your credit report each year from each of the credit reporting agencies. You also have a right to see your credit report at any time if you have been turned down for a loan, an apartment, or a job because of poor credit. You may also question any information the credit reporting agency has about you and ask that errors be corrected. If the information isn't changed following your request, you have the right to attach a comment or explanation, which must be sent out with future reports.

Other Words for Credit

Credit Noun Synonyms: belief, faith, trust, credence
Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
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Other Words for Report

Report Noun Synonyms: account, description, story, article, write-up, piece, statement, dispatch or despatch, communication, announcement, narrative, record, news, information
Report Verb Synonyms: relate, recount, describe, narrate, tell of, detail, give an account of, write up, document
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Consumer Credit Report

Business / Human Resources (HR) / Consumer Credit Report: The Fair Credit Reporting Act (FCRA) defines a consumer report as any communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit MORE

Fair Credit Reporting Act

Business / Real Estate / Fair Credit Reporting Act: The Fair Credit Reporting Act gave consumers the right of access to, and correction of, credit reports. MORE

Credit Laws

Business / Accounting / Credit Laws: Fair Credit Reporting Act (as amended 1997) Federal law that covers the reporting of debt repayment information. It establishes when a credit reporting agency may provide a report to someone: states t MORE

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