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LSDefine

Simple English definitions for legal terms

credit report

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A quick definition of credit report:

A credit report is a document that shows how well a person has paid back money they have borrowed in the past. It includes information like their name, address, and job history, as well as details about loans, credit cards, and bills they have had. Banks and other lenders use credit reports to decide if someone is trustworthy enough to lend money to. People can get a free copy of their credit report once a year to make sure everything is correct.

A more thorough explanation:

A credit report is a document that provides a detailed summary of a person's credit history. It includes information about their loans, credit cards, bills, accounts, payments, bankruptcies, and credit searches. Credit reports are prepared by credit bureaus using financial information collected from creditors.

Lenders use credit reports to determine a person's creditworthiness when they apply for a loan. For example, if someone has a history of paying their bills on time and has a good credit score, they are more likely to be approved for a loan. On the other hand, if someone has a history of missed payments or defaults, they may be denied a loan or offered a higher interest rate.

Under the Fair Credit Reporting Act, consumers are entitled to a free credit report from each of the three credit bureaus (Equifax, Experian, and TransUnion) once a year. This allows people to review their credit history and make sure there are no errors or fraudulent activity.

For example, if someone notices a loan on their credit report that they did not apply for, it could be a sign of identity theft. They can then take steps to report the fraud and protect their credit.

credit insurance | credit reporting agency

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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