Which information is included on a person's credit report? Check all that apply. \( \square \) money owed to a relative \( \square \) current credit cards and loans \( \square \) total amount of money owed \( \square \) whether bills are paid on time \( \square \) how much money lenders will loan \( \square \) interest rates for different loans
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Bonus Knowledge
A person's credit report typically includes current credit cards and loans, total amount of money owed, and whether bills are paid on time. These key details help lenders assess your creditworthiness and ability to manage debt. It's a snapshot of your financial health that can influence major decisions in your life, from renting an apartment to qualifying for a mortgage. Understanding these components can help you track your financial habits better. For instance, maintaining timely payments and managing how much you owe can significantly boost your credit score, demonstrating responsibility to future lenders. Just remember, this is not an exhaustive list of what your credit report may reveal, but these are certainly the big players!