Which of the following best describes a credit record?

A credit record serves as a comprehensive summary of an individual's credit history, detailing their borrowing and repayment patterns over time. It includes important information such as credit accounts, payment history, outstanding debts, and any defaults or delinquencies. This record is crucial for lenders when assessing the creditworthiness of a borrower, as it helps determine the potential risk involved in extending credit.

In contrast, the other options represent different financial concepts. An overview of a bank's transactions pertains more to bank statements and financial reports rather than personal credit history. A summary of public records refers to legal documents or various public filings, which are not specifically tied to personal credit. A list of current financial obligations may indicate pending payments but does not provide the comprehensive overview of past credit behavior that a credit record does. Thus, option C accurately captures the essence of what a credit record entails.