credit bureau


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credit bureau

n.
An organization to which business firms apply for credit information on prospective customers.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.credit bureau - a private firm that maintains consumer credit data files and provides credit information to authorized users for a fee
agency - a business that serves other businesses
References in periodicals archive ?
One of the best means of achieving both is through the establishment of a positive credit bureau.
A regional credit bureau would also overcome risks of negative regulatory competition between the GCC's various financial centres.
Ali Ibrahim, Deputy Director General at DED, and Managing Director of Emcredit, said that a federal credit bureau will bring confidence to all stakeholders in the credit reporting industry, and strongly facilitate the sharing of credit information.
After the furnisher receives notice of a dispute from the credit bureau, the furnisher has its own duties under the FCRA.
Former Shreveport Credit Bureau Owners Jerry and Sherry Mathews contacted NACM Southwest about a possible sale and officially became part of NACM Southwest on February 6, 2009.
''The establishment of a credit bureau in Singapore is timely and will enhance the reliability of banks' internal credit rating systems,'' he said.
The executive added that establishing a credit bureau would give companies and customers the security they need in doing business.
A creditor communicates some adverse information about a consumer to the credit bureau, which decides whether to include or exclude that information in the consumer's credit report.
Following the collection of information and data, the credit bureaus will be able to offer value-added services to different enterprises and businesses.
ISLAMABAD -- The government has made it mandatory on financial institutions, retailers, telecom service providers and utility companies to provide all relevant data to licensed private credit bureaus regulated by the State Bank of Pakistan (SBP).
The data that the credit bureau collects on you will be used to generate your credit score and report.
Now, Experian is not the credit bureau that exposed 145 million people's data in a massive breach two years ago.

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