Definition of Credit Reporting Company:

Credit Reporting Company:

A company that collects information received from more than one credit repository, merges all the information, and reports it in one form; merged credit reports. The 3 credit reporting agencies in the United States are; Trans Union, Experian and Equifax, each one will also provide a corresponding risk score or FICO score which gauges a person’s credit worthiness. Credit Scores can range from a low of 350 to a high of 800, with 800 representing the best credit risk to a bank or lender.

 

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