Credit Reporting Agency

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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.

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