List the 3 main credit bureaus and explain what information they collect.

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01-05-2022
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List the 3 main credit bureaus and explain what information they collect.

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anthougo anthougo · Answer 1 · 2022-05-01T20:05:22+02:00

The three main credit bureaus are Equifax, Experian, and TransUnion, which collect and research individual credit information sold to creditors.

What is a credit bureau?

A credit bureau provides the information that creditors and lenders use to make important lending decisions.

Principally, credit bureaus:

Collect credit information of individuals.
Make the information available to third parties (lenders and creditors).
Provide credit ratings and reports to individuals when requested.

Thus, a credit bureau provides the information that creditors and lenders use to make important lending decisions.

Learn more about credit bureaus at https://brainly.com/question/20715412