• Finance

    14 Crazy Things You Must Know About A Credit Bureau

    Credit Bureau Definition A credit bureau compiles data on an individual or a business including commercial credit information to sell to consumers, creditors, and lenders. The data collected is then combined into a credit report. A credit bureau is also referred to as a credit agency. There are many different credit bureaus, however, there are three main credit bureaus: Equifax, Experian, and TransUnion. What is a credit report? A credit report is a detailed snapshot of how you have dealt with credit in the past. Credit reports are analyzed by all types of businesses but especially banks, credit card companies, insurance companies, and employers amongst others. Your credit report is…