A Consumer Reporting Agency (CRA), also known as a Credit Rating Service, collects, maintains, and provides consumer credit information to third parties to assist in evaluating creditworthiness.
Experian is one of the largest and most prominent credit rating agencies in the world. It plays a critical role in providing credit reports, scores, and other financial information to both individual consumers and businesses.
The Fair Credit Reporting Act (FCRA) is a federal law that promotes the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. The Act allows individuals to examine, correct, and challenge the information reported by these agencies.
