Lenders will offer you an unsecured personal loan depending on your ability to repay the money you borrow. To decide this they will take your credit report into account.
A credit report tells lenders about the type of accounts you’ve held. This will include any bank accounts, credit cards, car loans, mortgages and so on. It will also have other details such as the account opening dates, your credit limits and loan amounts. What is more, a credit report will include a score that can change based on how regularly and reliably you pay back loans. In a nutshell, a credit report is your financial history and financial reputation.
You can find out more about your credit score here.