The three credit bureaus in the United States are TransUnion, Experian and Equifax. Credit bureaus are consumer reporting agencies. They are responsible for gathering and reporting consumer's credit information.
A consumer's credit information includes their credit history, the amount of debt they have, late and missed payments and paid off loans. The credit bureaus disseminate credit information using credit reports and credit scores. The information is used to evaluate a person's credit worthiness and is used by banks, credit card companies, mortgage lenders and employers. Credit bureaus are regulated by the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. These are Federal laws that define a consumer's credit rights. These acts are enforced by U.S. Federal Trade Commission. In accordance with these acts, a consumer is entitled to a free credit report from each credit bureau every year.