Credit Bureaus: Their Purpose and How They Profit

THE CREDIT BUREAU

There are 3 major credit bureaus in the United States known as Equifax, TransUnion, and Experian. The credit bureaus are also referred to as credit reporting agencies or CRAs for short. Contrary to a popular myth, the credit bureaus are not owned by the government. They are instead are for-profit, publicly-traded companies. Understanding who the […]