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How the credit report bureaus work?

By Derek Brown
Published: Sunday, September 20th, 2009

Credit bureau is just like the warehouse of details about an individual’s past. When one borrows the money, the lender reports to credit bureaus. This lender tells the bureau in case you have proved to be nice or bad and the amount of debt you might have. Then the credit bureaus too collect details from various other sources like the public records. These bureaus then allow the individual to borrow from institutions and people in case you have a powerful history of paying back on time.

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