Glossary:


Term - C : Credit Bureau/ Credit Information Company

Credit Bureau/ Credit Information Company


Credit Bureau/ Credit Information Company

A company that collects information about how you manage your credit. Banks become members of the credit bureaus and provide information on how much individuals owe and on promptness in repayment/ arrears. Members who wish to lend to you may check your Credit Report to find out your track record on borrowing with other banks. It is mandatory to report to at least one credit bureau
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