Credit Reporting Services Industry Overview

Excerpt from Credit Reporting Services Report

Companies in this industry compile and report credit information on businesses and consumers. Major companies include Equifax, Experian, Dun & Bradstreet, and TransUnion.

Competitive Landscape

Demand is driven by the volume of financial transactions and by the health of the economy. The profitability of individual companies depends largely on efficiency of operations. Large credit reporting companies have significant economies of scale in operations. The industry is highly concentrated: the 50 largest companies account for about 90 percent of revenue.

Products, Operations & Technology

Credit reporting agencies help businesses decide whether to extend credit to customers. Credit reports are used to evaluate applications from consumers and businesses for credit cards, auto and bank loans, mortgages, and business accounts.