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A credit report is a record that contains information indicating how you've managed your past credit obligations. Creditors use these reports to evaluate your credit profile when considering whether or not to extend financing to you. They match the information contained in your credit report against their lending criteria to determine whether or not you are an acceptable candidate for a loan, and if so, the terms they will offer you. Over the past decade or so, however, other types of businesses have also begun to use credit reports in their decision-making processes. This trend has some significant consequences for consumers. For example, a number of insurance companies now use credit reports to determine the monthly premiums they charge their clients. Perhaps more important, many prospective employers routinely review credit reports to establish the character of their job candidates. This increased reliance on credit reports only serves to emphasize the importance of checking your report regularly to ensure its accuracy.