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| What is a Credit File?
Credit File is also used as credit report, but the difference is that the Credit File contains much more information about the person. The credit bureau makes this file about the borrower and it's main purpose is by viewing this report the loaner can make an assumption about the clients trustworthiness.
The Credit File is a confidential report and contains your credit history like the loans you asked, the payment history, address and many other things. It's important to know that about half of every file contains errors and wrong information, the information might not even be yours. Now a lender could ask this file and after reviewing it can make a decision to grant you the loan or not. | | | | |
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