Your consumer report—commonly known as a credit report—includes your history of taking out loans and paying them back on time. Your credit report can matter for getting jobs and housing. It also makes a big difference when you want to take out a loan. It determines how much the loan will cost you.
Coerced debt frequently hurts a victim’s credit and can result in negative information on that person’s credit report. This negative information can prevent that person from being financially stable.
How your credit history, consumer report, and credit score are related
