Credit Report Overview

Business information providers like collect and organize information about an individual's credit and payment habits. The information is available to those with a legal Permissible Purpose to see it in the form of a credit report.

Credit reports are one of the primary tools that creditors use to make fair and accurate decisions on whether or not to grant credit. Your credit report is a snapshot of your financial trustworthiness. You have the right to dispute your credit report data.

There are two types of credit reports, a consumer version and a business version.

Consumer Version
You are the only one who has access to the consumer version. Creditors do not have access to this version. A consumer version of a credit report lists all inquiries including promotional inquiries and account management inquiries. It is important for you to know what is in your credit report and understand your consumer rights.

Business Version
The business version is an abbreviated version of the consumer version. This is the credit report that creditors do see. The business version does not contain promotional inquiries or account management inquires.