Credit reports are proof of your personal profile, credit history, public record information financial reliability and stability. Credit reports contain information about your credit card accounts, loans, charge accounts, and items of public record such as bankruptcies, tax liens, and court judgments.
The collapse of global economies from around mid 2008, and through into 2009, leading to recessions in many countries, has seen tremendous and hereto unheard of efforts by governments around the world to stimulate consumer and commercial confidence.