Information in the files of a A company that gathers information on consumers who use credit. These companies sell that information to lenders and other businesses in the form of a credit report., primarily comprised of a list of individual consumer debts and a record of whether or not these debts were paid back on time or “as agreed.” Your The ability of a person to borrow money, or buy goods by paying over time. Credit is extended based on a lender’s opinion of the person’s financial situation and reliability, among other factors. More history is called a Information provided by a credit bureau that allows a lender or other business to examine your use of credit. It provides information on money that you’ve borrowed from credit institutions and your payment history. when provided by a credit bureau to a The lender providing funds for a mortgage. Lenders also manage the credit and financial information review, the property and the loan application process through closing. or other business.