Credit Bureaus

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1 Types

January 1, 1 6 min read Definitions

Credit Rating Credit Report FICO Scores Debt Repayment Default Financial Health Creditworthiness Credit Bureaus

A Credit Rating (Report) is an evaluation of an individual's or business's capacity and history of debt repayment. It provides creditors with an understanding of a borrower's reliability, aiding in the decision-making process for loans and credit.

Read more about Credit Rating (Report).

January 1, 1 6 min read Definitions

Credit Rating Service, Credit Bureau

Credit Rating Credit Bureaus Consumer Reporting Agencies Creditworthiness Financial Risk Assessment Equifax Experian TransUnion

A Credit Rating Service or Credit Bureau is an organization that provides information regarding the creditworthiness of a prospective borrower. These agencies, also called consumer reporting agencies (CRAs), are essential for lenders to assess the risk of lending to individuals and businesses.