(also credit agency)
A company which collects information relating to the credit ratings of individuals and makes it available to banks, finance companies, etc.
- Very few small companies will use a credit agency to collect outstanding balances.
- Each time you apply for a loan the potential lender will carry out a credit score with a credit reference agency.
- The most comprehensive approach to take when introducing credit checks is to opt for the services of a credit agency.
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Line breaks: credit ref¦er|ence agency
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