Credit Report

A credit report is a document supplied by a bank or a credit reporting agency that summarizes an entity’s credit history and present financial position, and notifies about any lien in force or pending judgments (s) against the entity.

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Credit

Credit is the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

(2) an entry recording a sum received, listed on the right-hand side or column of an account.