a firm that investigates the creditworthiness of and assigns a credit rating to a client's customers or potential customers.
Terms To Know When Making A DealRead more in this article about some frequently asked questions and fun facts related to our definitions.
What Does “FICO” Stand For?When was the last time you ordered a credit report? The paper document is abstruse enough, but you have to maneuver through the morass of oddly-named companies that produce them — Equifax, Experian, TransUnion and more. The process is abstract, but the results are concrete. There’s some new, and bad, news about those infamous numbers. More than a quarter of Americans now have scores of 599 or lower. …
Also called credit agency.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019