Why is this correct? (good credit report)

[Torsten]

Business English Courses, Elementary Level

ESL/EFL Test #81 "Renting a place", question 1

In order for you to buy a house in the United States, it is important that you have a good ......... report.

(a) school
(b) medical
(c) credit
(d) dental

Business English Courses, Elementary Level

ESL/EFL Test #81 "Renting a place", answer 1

In order for you to buy a house in the United States, it is important that you have a good credit report.

Correct answer: (c) credit

Your answer was: incorrect
In order for you to buy a house in the United States, it is important that you have a good school report.
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why is this correct?
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Test Of English for International Communication
TOEIC Preparation & TOEIC Vocabulary

[Mister Micawber]

.
I know it as a 'good credit rating'.
.
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Native English teacher at Mister Micawber's

[Yankee]

Hi

I also know this as "credit rating". A credit rating is basically a sort of "risk status". However, if you want to borrow money from a bank, the bank could order a "credit report" (something in writing) from a company that collects information about people's credit ratings.

The sentence would make more sense with "credit rating", in my opinion.

Amy

[Torsten]

Hi Mr. Micawber and Amy,

Many thanks for your response. Actually, I had posted that question when I was demonstrating the message system to a group of prospective users.
It's very good that you have also brought up the term 'credit rating' in addition to credit report.
According to Wikipedia, a credit report is 'a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy'.

Regards,
Torsten
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Test Of English for International Communication
TOEIC Preparation & TOEIC Vocabulary