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Finance & Banking vocabulary · Banks & Institutions

Credit bureau

Meaning in finance & banking, with examples

nounCommon term

In finance & banking, credit bureau means: An organisation that collects information about how people and companies use and repay credit, and provides credit reports and scores to lenders.

In Turkish: kredi bürosu, kredi kayıt bürosu

How it is used

Used in credit decisions and customer service. Banks report payment data to the credit bureau and check it before lending. In Türkiye this role is played by the Kredi Kayıt Bürosu (KKB), whose Findeks service lets people see their own report and score. Americans also say 'credit reporting agency'.

Example sentences

  1. We pull a report from the credit bureau for every new loan application.

  2. Late payments stay on your credit bureau record for several years.

Common collocations

  • credit bureau report
  • credit bureau check
  • report to the credit bureau
  • credit reporting agency
  • credit scoreA number that shows how likely a person is to repay debts, calculated from their credit history, such as past loans, card use and late payments.
  • creditworthinessHow likely a person or company is to repay borrowed money on time, judged from income, existing debt, payment history and financial strength.
  • borrowerA person or organisation that receives money from a lender and agrees to pay it back, usually with interest.
  • defaultFailure to make loan or bond payments as agreed. A borrower is usually treated as in default after missing payments for a set period, often 90 days.

More terms: Banks & Institutions

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This page explains English vocabulary for learners. It is not financial advice.