Credit reporting agency
Term · Law · MLC-T-LAW-001396
A company that collects and maintains information on consumers' credit histories and provides this data to lenders and other authorized entities. These agencies generate credit reports and credit scores, which are used to assess an individual's creditworthiness. In the United States, major agencies include Equifax, Experian, and TransUnion.
| Identifier | MLC-T-LAW-001396 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001396",
"term": "Credit reporting agency",
"field": "Law",
"definition": "A company that collects and maintains information on consumers' credit histories and provides this data to lenders and other authorized entities. These agencies generate credit reports and credit scores, which are used to assess an individual's creditworthiness. In the United States, major agencies include Equifax, Experian, and TransUnion.",
"url": "https://mlchart.com/terminology/law/credit-reporting-agency/"
}
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