A credit reporting agency collects information from various sources and provides credit information on a person’s borrowing and bill-paying habits. This helps lenders assess whether to lend money to the person. These agencies compile data on credit history, payment patterns, and outstanding debts, offering a comprehensive view of an individual’s creditworthiness to potential lenders.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

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