You hear the phrase all the time “consumer credit report,” yet you have no idea what it is and think it would make you look like an idiot to ask. A consumer credit report, in short, is the credit report of someone that has credit cards or loan accounts. Do you have a credit card? Taken out a loan for a car or truck? If so, you are a consumer and you have a consumer credit report.

Know all of those credit card offers and finance company fliers offering you credit, or better yet, cash? Now, if you have ever looked at one it says the “offer was made based on information from a consumer credit reporting agency.” In short, that means that someone has sold them a mailing list that has your name on it because, at one time or another, you’ve done some sort of finance or credit business with them.

Your consumer credit report will say the exact same thing that your personal credit report says because, well, they are one in the same. Therefore, if you have good credit, you have good credit and vice versa. Your consumer credit report isn’t going to reflect anything different, though you may wish it did.

The simple truth is that there are many different names for a credit report and consumer credit report is one of them. A credit report is a credit report, regardless of what name it may be given. However, your consumer credit report does look more at what credit cards you have or which finance and loan companies you may use. This allows the companies that are sending you offers to be able to market their wares specifically to you and you only.

Categories: Credit Reports 101 , articles