What type of information does a credit report detail?

A credit report provides a detailed account of an individual's credit history and scores, making it a crucial tool in assessing creditworthiness. This report typically includes information such as the borrower's payment history on loans and credit cards, the number and type of open accounts, balances owed, payment patterns, and any public records like bankruptcies or foreclosures. The credit score, derived from this history, indicates the likelihood of a borrower repaying future debts and plays a significant role in lending decisions.

The other options do not accurately reflect the purpose of a credit report. For instance, a credit report does not contain information about an individual's educational background or household income, as these are not factors that directly relate to creditworthiness assessment. Additionally, it does not focus solely on current debts and loans, but rather provides a comprehensive history of all credit-related activities over time.