Has anyone ever asked you what your credit report score is? Have you ever been told that your credit report will need to be reviewed when applying for a loan or a job? This can all be very confusing unless you understand what it is everyone is asking you. These are important questions for everyone, and it is even more pertinent that you have the answers, or at least know what your credit report says about you. A credit report is a compiled history of your borrowing and repayment status. Each business reports on a monthly or quarterly basis to three major credit report agencies. The first of these three being Equifax followed by Experian and Trans Union. When you apply for any type of loan the lender will usually obtain a copy of your credit report from one or all of the reporting agencies.

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