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Real Estate Glossary

What does Credit Repository mean?

A credit repository is a company that maintains records of a person's credit history. Credit repositories, also known as credit bureaus, gather and maintain information about a person's credit accounts, such as credit card balances, loan payments, and bankruptcies. Credit repositories provide credit reports to lenders and other financial institutions, and they also offer credit scores, which are numerical representations of a person's creditworthiness.

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Artur
Real Estate Assistant