Credit Reporting
/ˈkrɛdɪt rɪˌpɔːrtɪŋ/
Definitions
- (n.) The process of collecting, compiling, and reporting consumer credit information, typically by credit bureaus, to assess creditworthiness.
Credit reporting agencies provide lenders with credit scores based on consumers' credit history.
Forms
- credit reporting
Related terms
See also
Commentary
Credit reporting is a critical function underpinning consumer credit markets and is heavily regulated to ensure accuracy and privacy.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.