Credit Report
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A credit report is a detailed record of your borrowing history compiled by the credit bureaus, showing accounts, balances, payment history, and inquiries.
What Credit Report means
Lenders pull reports from Equifax, Experian, and TransUnion to assess risk. The report drives your credit score and shows late payments, collections, and how much of your available credit you use.
Florida example
A Florida applicant should pull all three reports before applying, since errors are common. Disputing an incorrect 30-day late or a paid collection can lift a score enough to drop from FHA into a cheaper conventional rate tier.
Your borrowing history
A credit report is a record of how you have handled debt. It lists your loans, credit cards, payment history, and any collections or public records. Lenders pull it to gauge your risk.
Three bureaus keep these reports, and the details can differ slightly among them.
Keeping it clean
Check your report before you apply so you can fix errors early. You are entitled to free reports each year, and disputing mistakes can lift your score.
We help you read your report and spot quick wins. Reach out and we will review it before you shop for a home.
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