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Thursday, November 21, 2019

What is the mean by Credit report in real estate?

If you are searching for the meaning of Credit report in real estate and also a definition of the Credit report,  then this blog post is helpful for you

Definition

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don’t belong to you, incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

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