Credit Bureau

What Does Credit Bureau Mean?
An agency that researches and collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies and other financing companies. Also commonly referred to as consumer reporting agency or credit reporting agency.

Investopedia explains Credit Bureau
A credit bureau doesn't decide whether an individual qualifies for credit or not. It only collects information that it considers relevant to a person's credit history and habits.
The three main credit bureaus in the United States are Equifax, Experian and Trans Union.

Related Terms

Credit
Credit Reference
Credit Report
Credit Score
Credit Scoring
Creditor
Friendly Loan
Line of Credit
National Credit Union Administration - NCUA
Retail Credit Facility
More Related Terms

Related Links

How To Dispute Errors On Your Credit Report - It just takes some time and effort to rebound from a nasty case of "credit rejection shock".
The Importance Of Your Credit Rating - Do you know how your borrowing activities affect your credit rating? Find out here.
Check Your Credit Report - Make sure there are no errors holding you back from obtaining a loan.
5 Keys To Unlocking A Better Credit Score - Follow these tips and techniques to rebuild a ruined credit rating.
Identity Theft: How To Avoid It - Don't be a victim of this disturbing crime. Get insight into how perpetrators do it.
Identity Theft: Who To Call For Help - If your identity is stolen, it's critical to act fast. Find out what to do if it happens.
Your Financial Life: From Stressful To Stress-Free - Find out how to get the ball rolling on your future financial security. Then sit back and watch things unfold.
How is my credit score calculated?

Rate this Term: Your Rating: Overall Rating: Vote Now!