credit reporting agency

noun

  • Banking and Finance
  • Debtor-Creditor

Definitions of credit reporting agency

  • a company which collects and stores information about peoples’ credit ratings (=calculation of someone’s ability to pay back money borrowed) and provides it to banks, finance companies etc

    With so much power in the hands of credit reporting agencies, it's vital they don't make mistakes.

Phrase Bank for credit reporting agency

  • The largest consumer credit reporting agencies are Experian, Equifax and TransUnion.

  • The credit reporting agency identifies an additional 2.4 million American victims of the 2017 data breach.

  • A customer is suing a credit reporting agency, alleging violation of the Fair Credit Reporting Act (FCRA).

  • In September 2017, the consumer credit reporting agency revealed that millions of its US users had had their personal information, including Social Security numbers, birthdates, and addresses, compromised from mid-May through July 2017.