Wednesday Word of the Week: Credit Report A credit report is a detailed report …

Wednesday Word of the Week: Credit Report A credit report is a detailed report of an individual's credit history. Credit bureaus collect information and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants' credit worthiness. There are five main factors evaluated when calculating a credit score: 1. Payment history 2. Total amount owed 3. Length of credit history 4. Types of credit 5. New credit

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