A credit report is the detailed history of a consumer's borrowing history, and a credit score is a value assigned to the consumer based on credit history details, according to U.S. News & World Report. In a FICO scoring model, payment history and debt amounts are primary scoring factors.
The detailed information in a credit report typically comes from lenders, landlords and utility companies that report the borrowing activity of consumers to major credit reporting bureaus. Current loan balances, bill payment records and collection items are among the things noted in a detailed report, according to U.S. News & World Report. A credit score is derived from a complex algorithm that incorporates all the relevant data of a credit report.