6 common credit terms you should know: credit report

6 common credit terms you should know: credit report

Last updated: 18 January 2017

Knowing about credit can make your life easier and enable you to know where you stand with your finances. But along with credit comes a lot of terms and acronyms that can get confusing… credit score, credit report, CCR, CRB… what do they mean and what’s the difference?!

We’ve broken down six of the most common terms that you might see so you can walk away feeling a little smarter and a little more reassured about understanding your credit:




Your credit report is a comprehensive record of your credit history provided by a Credit Reporting Body. If you are over the age of 18 and have applied for credit, it is likely that you will have a Credit Report with a CRB such as Experian.


The type of information that may be listed on your report includes:

  • Personal information – name, date of birth, gender, past and current addresses, employer, and driver’s licence number
  • Consumer credit information – Credit enquiries, late payments, defaults, and serious credit infringements
  • Publicly available information – Court judgements and bankruptcies
  • Repayment history information – The dates your payments are due, whether you have made the payments, and the dates you make those payments (depending on lender/credit provider)
  • Additional consumer credit information – The type of credit account, the date the account was opened and/or closed, the name of the credit provider, and the credit limit of the account (depending on lender/credit provider)


As each CRB maintains their own set of consumer credit information it is possible you will have a credit file with each bureau and that they may not be exactly the same because a credit provider may not send information to every bureau.



Credit may seem confusing, but it doesn’t have to be. Knowing and understanding these credit terms and how they can affect your financial standing is the first step to being in control of your credit reputation and making savvier informed financial decisions in the future.

Want to take a look at your credit report? Check it for free any time you like with Credit Savvy