A credit bureau (U.S.), or credit reference agency (UK) is a company that provides
credit information on individual borrowers. This helps lenders assess credit worthiness, the ability to pay back a
loan, and can affect the
interest rate applied to loans. Interest rates are not the same for everyone, but instead are based on
risk-based pricing, a form of price discrimination based on the different expected costs of different borrowers, as set out in their
credit rating.
See more at Wikipedia.org...
Free Download Now!
