Credit Agency
When you apply for a mortgage or a credit card, the potential source of credit will run your credit score and pull your credit report. They get this information from a credit agency.
When an investor is interested in buying bonds from companies or sovereign nations, they will eye the bond ratings provided by credit agencies.
These companies gather an incredibly large amount of information about borrowers, and based on their financial conditions and existing debt obligations, will assign a numerical or grade value that determines the creditworthiness of the potential borrower.
Credit agencies include Fitch, Moody’s, and Standard & Poors for corporate and sovereign debt. Transunion, Equifax, and Experian are the three largest consumer agencies.
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Finance: What is the Equal Credit Opport...6 Views
Finance a la shmoop what is the Equal Credit Opportunity Act? alright people while the
federal government thinks everyone should have the equal opportunity to get [Men in Federal Government appear]
into debt isn't that sweet of them you know that Uncle Sam well he sure does
have a heart of gold this federal law makes it illegal to discriminate against
people who are applying for financing on pretty much anything legal based on
their age gender marital status religious affiliation ethnic or national
background or public assistance benefits your credit score however well that
still matters sorry just keeping it real
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