What is the Definition of Credit Report Fee?

Credit Report Fee

Noun

Definition: A fee charged to obtain a credit report on the borrower or borrowing entity. A credit report is an evaluation of a persons capacity (or history) of debt repayment. Generally available for individuals from a local retail credit association; for publicly held companies by such firms as Dunn & Bradstreet; and for bonds by such firms as Moodys, Standard & Poor’s, and Fitchs.

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