Definition of credit reference agency in English:

credit reference agency

Line breaks: credit ref¦er|ence agency
(also credit agency)

noun

A company which collects information relating to the credit ratings of individuals and makes it available to banks, finance companies, etc.
More example sentences
  • 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.

More definitions of credit reference agency

Definition of credit reference agency in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day crowdsource
Pronunciation: ˈkraʊdsɔːs
verb
obtain (information) by enlisting help of many people…