Real Estate Glossary

What is In-File Credit Report?

A credit report is a document that summarizes an individual's credit history and creditworthiness. It can include information such as credit card balances, loans, and payment history. An in-file credit report is a credit report that is maintained by a financial institution or credit bureau and contains information about an individual's credit history and creditworthiness. This report can be used by lenders, landlords and other institutions to make decisions about whether to approve an applicant for a loan, a credit card, or a rental agreement. The report shows how responsible the individual is in managing credit and repaying debt. This can also be helpful for the individual to get an idea of how their credit score looks like, as well as to identify any errors that might affect the approval of their credit.