What document is compiled by credit agencies and summarizes your borrowing history and can be reviewed by financial institutions that are considering lending you money?

• A. Credit report
• B. Credit history
• C. Credit check
• D. Debit card

Answer: (A)

A credit report is the document that credit bureaus assemble, summarizing your borrowing activity and repayment history. It collects details like which accounts you have, your payment patterns, current balances, credit limits, any late payments, and public records or inquiries. Lenders review this report to assess risk and decide whether to lend you money and on what terms. The information comes from your actual credit history, but the report is the formal file lenders pull. A credit history refers to the records themselves, not the compiled document. A credit check is the act of reviewing the report, often as part of the application process. A debit card is unrelated to your borrowing history.