A credit report offers vital information about your credit history. The information in your credit report serves as a reference point for financial institutions considering your creditworthiness.  You should check your personal credit report at least twice a year to make sure that the information is correct.

Your credit report will contain information on whether or not you have missed, or have been late on your payments in the past (and how late you were). It will also provide details such as your current and previous addresses, social security number, any credit card accounts and current balances you may have, as well as past credit card accounts (often referred to as “Revolving Credit”) even if those accounts have been closed or canceled.