Tag Archives: clear credit

Credit bureaus are not governmental organizations.  They are effectively big businesses that are allowed to pull together, file, classify and disseminate private financial records, and to make income presenting the data to anyone who pays for it.

The assistance and the data that credit bureaus offer mostly assists the banks and other lending institutions that grant credit.  To a lending institution, a loan is an investment; they provide credit and quite look forward to be reimbursed in an apt way and with a yield.  Any investment balances risk versus probable return. So banks must measure how uncertain a loan is to decide what interest rate to charge, or whether to offer the money in the first place.