credit reporting agency

Definition from Nolo’s Plain-English Law Dictionary

A private company that collects and sells information about a person's credit history. Clients, such as banks, mortgage lenders, credit card companies, landlords, and potential employers, use the information to screen applicants. There are three major credit reporting agencies, Equifax, Experian, and TransUnion, and they are regulated by the federal Fair Credit Reporting Act.

Definition provided by Nolo’s Plain-English Law Dictionary.