| Term | Credit Reporting Agencies |
|---|---|
| Code | DM-1500.1640 |
| Definition | Organizations that maintain credit history records and make available to prospective lenders, insurers, landlords and employers (as well as to consumers themselves) reports that document the individual's past borrowing and repayment activity including information about late payments and bankruptcies. Information in credit reports is used to calculate credit scores (a numerical representation of the likelihood that a consumer will meet future financial obligations) which are used to determine the interest rate people receive on their mortgage, car loan, credit cards, auto insurance and other forms of credit. |
| Created | 3/10/10 |
| Changed | 3/13/13 |
| Use References |
Credit Bureaus Credit Rating Reports Credit Report Suppliers Landlord Credit Reports Landlord Credit Report Suppliers Tenant Credit Reports Tenant Credit Report Suppliers |
| See Also References |
Automobile Insurance (DF-7000.0700) Credit Counseling (DM-1500.1500) Pre-Employment Background Checks (ND-1600.6500) Rental Application Fee Payment Assistance (BH-3800.7200) |
| External Classification Terms |
Equal Credit Opportunity (UW 1.4.11.02) Financial Counseling (NPC P05.15) Financial Counseling (NTE P51) Income Support/Assistance (AIRS IC-330) |
| Related Concepts |
Ex-Offender/Reentry Services Financial Services/Benefits Foster Care Transition Services Organization/Facility Type |
| Facet | Organization/Facility Type |
| Comments | |
| Bibliographic References | "Glossary of Terms", Equifax Learning Center website, http://www.equifax.com/credit-information/credit-glossary |