What is a credit report?
A credit report is an important document that lenders use to assess your creditworthiness when you apply for credit. It is a record of your credit history created by one of the three major credit bureaus – Experian, TransUnion, and Equifax. It contains information about your current and past loans, credit card accounts, and any other debts you may have. It also includes information about your payment history, such as late payments and bankruptcies. In Delaware, the Fair Credit Reporting Act gives consumers the right to receive a free copy of their credit report once a year from each of the three major credit bureaus. To get a copy of your credit report, you can request it online from one of the credit reporting companies. You can also request a free copy from each of the three credit bureaus at once by contacting Annual Credit Report (annualcreditreport.com).
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