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.
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.
TransUnion is one of the three major credit reporting agencies (along with Experian and Equifax) in the United States, responsible for collecting and providing consumer credit information to lenders and other entities.
