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Credit history bureau – An organization that actually works to compile the credit score histories of will be borrowers and also offers these reviews to lenders. These studies are used by lenders for generating decisions. Experian, TransUnion and Equifax are the largest credit score reporting agencies in the united states.

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Lease – This is a legal contract which enables a client to implement some asset similar to a motor vehicle for payment. The asset needs to be returned once the lease term finishes.

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