BANKING AFFAIRS

Detailed explanation-1: -It collects information from a wide variety of financial and nonfinancial entities, including microfinance institutions and credit card companies, and provides comprehensive consumer credit information with value-added services such as credit scores to private lenders.

Detailed explanation-2: -a company that collects financial information about consumers, for example, their level of debt and employment record, and sells the information to financial organizations who lend money: The credit bureau does a credit check of each applicant and approves clients within two weeks.

Detailed explanation-3: -Functions of The Credit Bureau Association of Nigeria According to Investopedia, a credit bureau is an agency that collects and researches individual credit information and sells it for a fee to creditors so they can decide on granting loans.