Which document summarizes your borrowing history and is reviewed by lenders?

Which document summarizes your borrowing history and is reviewed by lenders?

• A. Credit score
• B. Credit history
• C. Credit report
• D. Credit bureau

Answer: (C)

Lenders review a document that gathers all your credit accounts, payments, balances, late payments, collections, and public records. That document is your credit report. It serves as the summary of your borrowing history and is what lenders pull to assess risk. A credit score is a number calculated from the report to estimate creditworthiness, not the whole history itself. A credit history is the data behind the report, and a credit bureau is the agency that maintains and provides this information. So the document lenders review is the credit report.

Lenders review a document that gathers all your credit accounts, payments, balances, late payments, collections, and public records. That document is your credit report. It serves as the summary of your borrowing history and is what lenders pull to assess risk. A credit score is a number calculated from the report to estimate creditworthiness, not the whole history itself. A credit history is the data behind the report, and a credit bureau is the agency that maintains and provides this information. So the document lenders review is the credit report.