Credit card issuers rely on credit bureaus to assess an applicant’s creditworthiness. This process involves evaluating credit history to determine the risk associated with extending credit. The specific credit bureau used can vary by issuer and even by the particular credit card product offered.
Understanding which credit bureau an issuer utilizes is beneficial for consumers. It allows individuals to proactively monitor their credit report with that specific agency, ensuring accuracy and identifying potential errors or fraudulent activity. Historical data indicates that inconsistencies across credit reports are common, highlighting the importance of focused monitoring.
