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List the 3 main credit bureaus and explain what information they collect.

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anthougo

The three main credit bureaus are Equifax, Experian, and TransUnion, which collect and research individual credit information sold to creditors.

What is a credit bureau?

A credit bureau provides the information that creditors and lenders use to make important lending decisions.

Principally, credit bureaus:

  • Collect credit information of individuals.
  • Make the information available to third parties (lenders and creditors).
  • Provide credit ratings and reports to individuals when requested.

Thus, a  credit bureau provides the information that creditors and lenders use to make important lending decisions.

Learn more about credit bureaus at https://brainly.com/question/20715412

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