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Consumer report vs credit report



A credit report will document which accounts are in good standing, if any debts are past due, and other information about your financial history. A credit report, however, is a type of consumer report. A consumer report is a broader report that contains personal identifying information beyond credit.

What is the difference between a business and consumer credit report?

Business and consumer credit reports have similar purposes: to inform prospective lenders about your creditworthiness and allow them to assess what risk they are taking should they give you a loan or credit card or extend “buy now, pay later” terms to you or your business. They differ in the types of information they contain and how they are used.

What's the difference between a credit report and a credit score?

Your credit reports and your credit scores are two different things. A credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. Your credit scores are calculated based on the information in your credit report.

What is a consumer report and how does it work?

A consumer report is a broader report that contains personal identifying information beyond credit. Such information includes, among other things, your criminal history, driving records and employment history.




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