Every individual has a record of their payment history of debts and responsibility with bills (including utilities). A credit report is a record of an individual’s credit history.
Your credit report helps potential creditors decide if they should extend your credit. Your credit report also helps determine what interest rate a lender will charge you and the credit limits they will offer.
While your credit reports contain your credit history and current credit activity, your credit scores are numbers based on the information in your credit report.
The information in your credit report determines your credit score, which helps lenders decide whether to extend credit to you and at what rate.