Credit Reporting Agency

AAA

DEFINITION of 'Credit Reporting Agency'

This term refers to businesses that maintain historical information pertaining to credit experience on individuals or businesses. The data is collected from various sources, most commonly firms extending credit such as credit card companies, banks and credit unions. They also collect information from public records, such as bankruptcies.

INVESTOPEDIA EXPLAINS 'Credit Reporting Agency'

Credit reporting agencies are generally one of two types: either individuals or businesses. The largest consumer credit reporting agencies are Experien, Equifax and Transunion. Experien also does commercial reporting, along with Dun & Bradstreet.

RELATED TERMS
  1. Credit Rating

    An assessment of the credit worthiness of a borrower in general ...
  2. Regulation V

    One of the regulations set forth by the Federal Reserve designed ...
  3. Credit Report

    A detailed report of an individual's credit history prepared ...
  4. Credit Bureau

    An agency that researches and collects individual credit information ...
  5. Credit Scoring

    A statistical analysis performed by lenders and financial institutions ...
  6. Debt Snowball

    A method of debt repayment in which debtors pay off their smallest ...
Related Articles
  1. Do payday loans hurt my ability to get ...
    Credit & Loans

    Do payday loans hurt my ability to get ...

  2. What is a good credit utilization ratio?
    Credit & Loans

    What is a good credit utilization ratio?

  3. 5 Keys To Unlocking A Better Credit ...
    Credit & Loans

    5 Keys To Unlocking A Better Credit ...

  4. What Is A Corporate Credit Rating?
    Investing Basics

    What Is A Corporate Credit Rating?

Hot Definitions
  1. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  2. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  3. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  6. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
Trading Center