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Financial Literacy Blog

Understanding Your Credit Report

A picture of a calculator with a sheet of paper with budgeting information underneath it and a hand/pen making notes

A credit report is one of the most important financial documents you can access as a consumer. It is a detailed record of your borrowing history, your open and closed accounts, your available credit and how much you use it, your history of on-time payments, and sometimes other account history. Lenders and other institutions use it to determine your credit score, and understanding your credit report can help you make informed financial decisions without feeling confused or lost.