Explain what a credit report is and list five kinds of information found on a credit report.
A credit report is a detailed written document that shows a person’s credit history. It includes personal information, information from public records, details about credit cards and loans, information from collection agencies, and a list of individuals or companies that have requested a copy of the credit report.
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You opened three new credit card accounts in a month. increasedecreaseno effect
Your employer gave you a raise, so your income increased. increasedecreaseno effect
The balance on your credit card is close to the credit limit. increasedecreaseno effect
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