American Credit Bureau

An American Credit Bureau is a company that collects and maintains financial information about individuals and businesses, such as credit history, payment records, and debts. Lenders and lenders use this data to assess the risk of lending money or offering credit. The bureau compiles reports that help determine your creditworthiness, influencing loan approvals, interest rates, and credit card decisions. Examples include Experian, Equifax, and TransUnion. They play a critical role in the financial system by providing reliable, standardized information to ensure fair and informed credit decisions.