What is a Credit Report? How Issuers Analyze Your Credit History
There are three major credit reporting agencies — sometimes called credit bureaus — in the United States. The role of these private companies is to compile information about your financial accounts into personalized reports. Many businesses, particularly lenders, creditors, and utility providers, depend on these reports to understand how you have been borrowing and repaying money. It gives them valuable insight, enabling them to make appropriate lending and contractual... read more »