Credit Bureau at Legal Glossary
What is it? A private, profit-making company that collects and sells information about a persons credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.Law Definition Added By: Brooke
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