ELI5: Explain Like I'm 5

Credit bureau

A credit bureau is a company that collects information about you and your financial habits. They look at things like how often you pay your bills and how much money you owe. This information is used to give you a credit score, which is a number that is used to help lenders decide if they want to give you a loan. A higher credit score means you are more likely to be approved for a loan.
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