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A credit report is a summary of your credit history. It is maintained by an authorized credit reporting agency and sent to potential creditors, when requested. Credit reports include information such as current and recent addresses, employer information, payment performance for seven years, type of debt you have and the lending institution for each account, available credit, and current balances. Although the actual method for scoring creidt reports is proprietary, credit reports are usually based on the individuals: (1) credit history; (2) who reviewed the credit history; (3) information that has been given to the credit information company; (4) specific identification information; and (5) any explanatory notes and comments.
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