Definition
Your credit report is a detailed history of every credit account, payment, collection, judgment, and inquiry. Three major bureaus (Equifax, Experian, TransUnion) maintain reports. You have rights to dispute inaccuracies and access free annual reports.
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Three major credit bureaus (Equifax, Experian, TransUnion) maintain credit reports. Reports include information about credit accounts, payment history, collections, judgments, and inquiries. Borrowers have the right to dispute inaccuracies on their reports.
Pro Tip
Order a free credit report from annualcreditreport.com before applying for a mortgage and dispute any inaccuracies immediately.
Example
A credit report shows all open and closed credit accounts, on-time payments, late payments, collections accounts, and recent credit inquiries.