What does a credit report summarize?

A credit report summarizes an individual's credit history, which provides a comprehensive overview of their borrowing behavior and repayment patterns over time. This document is crucial for lenders, as it includes information such as the individual's credit accounts, payment history, outstanding debts, and public records like bankruptcies. The purpose of the credit report is to assess an individual's creditworthiness, allowing lenders to make informed decisions regarding loan approvals and interest rates.

While the other options mention various aspects related to finance, they do not encapsulate the full essence of what a credit report represents. Spending habits, loan applications, and bank transactions do not provide the same encompassing view of an individual's credit behavior and historical actions concerning borrowing and repayment. Therefore, the focus on credit history is what makes this choice the most accurate in defining what a credit report summarizes.