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Experian Credit Services Singapore Pte Ltd (formerly DP Information Group). It is a Singapore credit and business information bureau formed in 1978. [1] As of 2007 it was considered the largest provider of credit and business information in Singapore. [2] It was fully acquired in 2008, and now operates as Experian.
A credit bureau is a data collection agency that gathers account information from various creditors and provides that information to a consumer reporting agency in the United States, a credit reference agency in the United Kingdom, a credit reporting body in Australia, a credit information company (CIC) in India, a Special Accessing Entity in the Philippines, and also to private lenders. [1]
In the United States, like the other major credit reporting bureaus, Experian is chiefly regulated by the Fair Credit Reporting Act (FCRA). The Fair and Accurate Credit Transactions Act of 2003, signed into law in 2003, amended the FCRA to require the credit reporting companies to provide consumers with one free copy of their credit report per 12-month period.
Each lender, bank or credit card company chooses which credit bureaus to report your information to. That means an account might show up on just one or two of your reports, rather than all three.
A credit score is primarily based on a credit report, information typically sourced from credit bureaus. [2] Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt.
Creditinfo is a global credit bureau and information services group with operations in more than 33 countries. [1] [2]As of 2020 the company employs over 450 people with corporate headquarters in London, United Kingdom.
A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when looking to invest in particular jurisdictions, and also takes into account political risk.
If the vendors report the credit information to the credit bureaus, tradelines will be created a business credit report. For new businesses, this can take some time. [2] If credit grantors use a Paydex Score in determining whether or not to grant credit to a business, they will usually want to see a score of 75 or better.