creditreporting
Credit reporting is the process of compiling and maintaining records about an individual’s or business’s borrowing history. These records are collected from lenders, credit card issuers, debt collectors, public records, and sometimes utility or telecom accounts, and are used to generate credit reports and, in many markets, credit scores.
A credit report typically contains identifying information, a list of tradeline accounts with payment history, account
Credit reporting agencies, or credit bureaus, are the entities that assemble and maintain these files. In many
Credit reports are used by lenders to assess credit risk when approving loans or issuing cards, and
Regulation generally governs who may access a report, what data may be used, and consumers’ rights to