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6 things you need to know about credit reports

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Credit Reports 101

Getting a copy of your credit report is one thing, but thoroughly understanding it is another matter all together. Whether you're a millennial just entering the workforce or a baby boomer getting ready to retire, having a basic grasp of credit report basics can make all the difference to your financial future.

Online service provider review website NextAdvisor has compiled a list of six must-know tips about the ins and outs of credit reports. CNBC.com shares what you need to know.

— By CNBC's Kenneth Kiesnoski
Posted 23 March 2016

Source: NextAdvisor

Courtney Keating | E+ | Getty Images