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What is a credit bureau or credit-reporting agency?

April 26, 2017agency Credit bureau

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What is a credit bureau or credit-reporting agency?

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10 Posted

These companies do two things: compile credit histories on prospective borrowers and provide credit reports to lenders. Information in a credit report may include payment habits, number of credit accounts, balance of accounts, and length and place of employment. Lenders use these reports when making decisions on extending credit.