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noun. Credit bureau information refers to the data collected and maintained by credit bureaus about individuals' credit history and financial activities. This information includes details about individuals' credit accounts, such as credit cards, loans, and mortgages, as well as their payment history, credit limits, outstanding balances, and any negative marks, such as late payments or defaults. It also includes personal information like individuals' name, address, Social Security number, and employment details. Lenders and other authorized entities use this credit bureau information to assess individuals' creditworthiness and make decisions about whether to provide credit or extend certain financial services. GPT3.5
Word Forms:
- noun.
credit bureau information (singular),
credit bureau information (plural)
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