Credit Report

A credit report may include the following information about an individual: • Name and age • Place of work and the job title • Current as well as previous place of residence • Education and work qualifications • Salary • Social Security number A credit report may also include the following information about an individual’s family: • Partner’s name and age • Individual’s marital status or common-law relationship • Number of children or dependents Furthermore, a credit report may also include information about the things an individual own and owe: • What the individual owns, such as – house or car • Whether the individual has paid the bills on time, late or not paid at all • Debts, such as car loan, house loan, credit card balances • Regular living expenses, such as rent or mortgage payments Credit report is one of the primary tools that credit grantors or lenders, like banks, credit card companies, and landlords, use to decide whether to grant credit or rent a house to an individual. Interestingly, the three major credit bureaus in North America – Equifax, Experian, and TransUnion – are each required to provide consumers with one free report each year.