What is the main purpose of a credit report?

The main purpose of a credit report is to provide details of an individual's credit history and creditworthiness. A credit report includes comprehensive information about a person's borrowing and repayment activity. This is crucial for lenders when they are deciding whether to extend credit to an individual, as it reflects how responsible they have been with credit in the past.

Credit reports typically include specifics such as account details (credit cards, loans, etc.), payment history, current credit balances, and account statuses (e.g., open, closed, delinquent). It may also include public records like bankruptcies or foreclosures, which further inform about a person's financial behavior and reliability as a borrower.

Other options fall short of capturing the full scope and purpose of a credit report. For example, summarizing total debt does not convey the individual's borrowing history or how they manage that debt over time. Similarly, showing a history of credit inquiries is only one aspect of a broader financial picture and does not reflect creditworthiness comprehensively. Assessing financial investments is outside the realm of what a credit report entails, as it focuses specifically on credit and borrowing rather than investment activities. Therefore, option C is the most accurate as it encapsulates the essence of what a credit report is designed to do.