Credit Reporting Industry Overview

Companies that create, compile, and sell background screening, consumer data, and credit bureau services.

Full Credit Reporting Industry Description

Bankruptcy Reform

Bankruptcies inhibit collection agency activity, but increase credit reporting activity. The rise in personal bankruptcies has roughly mirrored increases in credit card loans outstanding, according to a study by the Federal Reserve Bank of Boston.

Full Credit Reporting Industry Trends

• The Kreller Business Information Group, Inc.
• Equifax Inc.
• Experian Americas

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Credit Reporting maps to a number of NAICS codes including:

Full Credit Reporting Industry Codes

• Financial Services Technology Consortium
  
• Investment Company Institute
  
• The Association of Private Client Investment Managers and Stockbrokers
  

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