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| Lexeme: |
credit information
Rare (0.04)
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| Definition: |
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noun. Credit information refers to any data or details about an individual's financial history and behavior that is used by lenders, creditors, and financial institutions to assess the individual's creditworthiness and ability to repay debts. This information typically includes the individual's credit score, credit report, loan and credit card payment histories, outstanding debts, and any bankruptcy or foreclosure records. Lenders use this information to make informed decisions about approving loans, extending credit, and determining interest rates. GPT3.5
Word Forms:
- noun.
credit information (singular),
credit information (plural)
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| Policy Examples: |
- For example, we may receive credit information from third-party sources before initiating your service, or background information in connection with employment opportunities. #tmobile
- The data may include credit-related, payment history and transactional information. #sprint
- We may also obtain personal information about you such as contact information, updated address and shipping instructions, and credit information from agents, consultants, contractors, carriers, and other third parties. #qvc
- When you purchase products or apply for service with us, we may obtain credit information about you from outside credit reporting agencies to help us with customer authentication and credit-related decisions. #verizon
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