Rates Current as of Thursday February 09, 2012

Credit Bureau

An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. Frequently referred to as consumer-reporting agency or credit-reporting agency.

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What are some reasons why a bank would prevent someone from opening a checking account?

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