An agency which collects and sells information about the creditworthiness of individuals. A credit reporting agency does not make any decisions about whether a specific person should be extended credit or not. Instead, it collects information that it considers relevant to a person's credit habits and history, and uses this information to assign a credit score to indicate how creditworthy a person is. Prospective creditors purchase credit reports from credit bureaus about specific individuals, and then they use this information to decide how much credit, if any, to extend to the individual. also called credit bureau.
Related information about consumer reporting agency:
- FDIC: Consumer Response Center
Jun 18, 2008 ... Credit Reporting Agencies. Free Credit Reports. The amended Fair Credit Reporting Act permits consumers to request a free copy of their credit ...
- What is consumer reporting agency? definition and meaning
Definition of consumer reporting agency: An agency which collects and sells information about the creditworthiness of individuals. A credit reporting agency ...
- Credit bureau - Wikipedia, the free encyclopedia
A credit bureau or consumer reporting agency (United States), or credit reference agency (United Kingdom) is a company that collects information from various ...
- Fair Credit Reporting Act - Wikipedia, the free encyclopedia
Credit bureaus, a type of consumer reporting agency, hold a consumer's credit report in their databases. CRAs have a number of responsibilities under FCRA, ...
- Nation's Big Three Consumer Reporting Agencies - Federal Trade ...
Jan 13, 2000 ... The FCRA is designed to promote accuracy, fairness and privacy of information in the files of every consumer reporting agency. To provide ...
- Consumer Reporting Agency - Employers Choice Online
Employers Choice Online offers credit reporting and background credit checks as part of our professional business background screening services.
- Consumer Reporting Agency
CIC has developed the tools that allow your company to provide the best quality data to your clients. One of our methods for doing this is our consumer reporting ...
- What is a Consumer Reporting Agency?
A consumer reporting agency is actually designed to help creditors determine whether to extend loans to borrowers (consumers). It may also be called a credit ...