IN THIS LESSON

In-Depth Explanation

What it is: A credit report is a detailed summary of your credit history, which includes things like loans, credit cards, and payment history. This is where your credit score comes from.

  • Why it’s important: A strong credit history helps you get approved for loans, credit cards, and sometimes even rental housing. It’s a tool lenders use to assess your ability to repay debts.

Key lesson: Understanding how credit reports work is important to avoid mistakes like late payments that can damage your future ability to borrow money.





  • Add a short summary or a list of helpful resources here.