The Law Dictionary

CREDIT RATING

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A rating assigned by credit reporting bureaus based upon a creditor's history that reflects how likely they are to make timely loan payments. A risk assessment rating. … [Read more...]

CREANCER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

One who trusts or gives credit; a creditor. Britt. cc. 28, 78. … [Read more...]

CREDIT REPORT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

This is a report of person's credit history as complied by one or all of the three major credit bureau. Credit reports will generally state what credit cards a person has, property owned, what is outstanding on what cards and to what lenders, whether payments have been made on time, current and prior addresses, employment records and any prior lawsuits. Credit reports will … [Read more...]

CREDIT REPORTING AGENCY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A company that compiles and sells information about the history of a person's financial transactions in order to help ascertain the creditworthiness of the individual. There are three major credit reporting agencies; Equifax, Experian and TransUnion. See also credit bureau. … [Read more...]

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