Final answer:
A 1. credit report is a detailed report of an individual's credit history, including borrowing and repayment details. It is used to assess creditworthiness by lenders and other institutions.
Step-by-step explanation:
A 1. credit report is a detailed report of an individual's credit history. It provides information about the individual's borrowing and repayment history, including loans, credit cards, and other forms of credit.
The credit report includes details such as the individual's payment patterns, outstanding debts, and any missed or late payments. It is used by lenders, landlords, and other institutions to assess the individual's creditworthiness.