Answer
Details about when all your credit accounts were opened, their latest balance, and their payment history are included in a credit report.
Work Step by Step
A credit report is that report that includes all the pertinent details with respect to credit worthiness of a particular person to avail the credit. It consists of information of the applicant with respect to his identity, credit accounts record, information for public record, account information associated with the collection agency, and certain inquiries as well.
The purpose of this report is to provide information to the potential lenders and employers. The entire process of collection of information is conducted by credit bureaus.
