C
Credit
Credit Profile
A comprehensive record of your credit history held by credit bureaus such as TransUnion, Experian, and Compuscan. Your credit profile includes all open and closed accounts, payment history, defaults, judgments, and enquiries. Lenders use it to assess whether to approve your loan application.
Usage Examples
"He checked his credit profile at TransUnion and found an old store account he had forgotten to close."
"A clean credit profile with consistent on-time payments will help you qualify for lower interest rates."
"Every time a lender checks your credit profile, an enquiry is recorded — too many in a short period can lower your score."