What is typically included in a credit report?

A credit report primarily focuses on an individual's credit history and financial reliability, which is crucial for lenders when assessing the risk of extending credit. The correct option includes credit inquiries, which are recorded every time a lender checks your credit report, and outstanding debts, which detail the loans and credit accounts an individual currently has, along with their payment history.

Having this specific information helps lenders evaluate how responsibly you manage credit and whether you are likely to repay any new debt. It provides a snapshot of your creditworthiness, emphasizing your borrowing habits, payment reliability, and overall financial behavior, which are central to the decision-making process for credit applications.

In contrast, other options pertain to financial information that is not typically part of a credit report. Personal assets and income statements or bank account balances and investment details reflect more of your overall financial situation rather than your credit history. Likewise, employment history and tax returns provide valuable context but are not components of a credit report itself.