Credit Report

Your credit report is a summary of your credit history dating back to the very first time you applied for credit. Lenders of all types share your credit and payment information with credit reporting agencies. The data on your credit report includes current and past financial debts for up to the prior 7 years, and a record of debt payment history. 

A lender uses the information from a credit report, together with other information you have provided, to decide whether to accept or deny your mortgage application. Lenders get credit reports from third party credit reporting agencies, like Equifax and TransUnion.