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Term Definition Credit Report - an individual’s debt and repayment history, used to determine his or her credit worthiness.
Application in Divorce It is a good idea for divorcing couples to obtain a copy of their credit reports in preparation for the settlement agreement.

Credit bureaus are required to provide everyone with one report per year at no charge.

Because of the risk of identity theft, some people by services that alert them automatically to any significant changes in their credit report.