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Credit Agency

Credit Agency Definition

Credit Agency means an agency that collects information about the creditworthiness of individuals and corporations and provides it for a fee to creditors so they can make a decision on granting loans. Their clients include banks, mortgage lenders, credit card companies who apply for credit information on their customers.


Additional meaning of Credit Agency:

The three main credit agencies in the United States are Equifax, Experian and Trans Union.






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