Credit reporting services
CPC v2.1 Code: 85910
About credit reporting services
cpc code 85910 covers the credit reporting services industry, which plays a crucial role in the broader financial ecosystem. This industry is responsible for collecting, analyzing, and disseminating information about the creditworthiness of individuals and businesses, enabling lenders, creditors, and other financial institutions to make informed decisions about extending credit and managing risk.
Production process
The key production techniques in the credit reporting services industry involve the collection, verification, and storage of credit-related data. This includes gathering information from various sources, such as public records, financial institutions, and consumer-provided data. The data is then processed, analyzed, and organized into comprehensive credit reports that provide a detailed assessment of an individual's or business's credit history and financial standing.
Production inputs
The main inputs required for the credit reporting services industry include access to a wide range of data sources, advanced data processing and analytics capabilities, and a skilled workforce capable of interpreting and presenting the information in a meaningful way. Additionally, the industry relies on robust information technology infrastructure, including secure data storage and transmission systems, to ensure the confidentiality and integrity of the sensitive financial information it handles.
Production outputs
The primary output of the credit reporting services industry is the credit report, which is consumed by 52211 Depository credit intermediation, 52221 Nondepository credit intermediation, and other financial institutions to evaluate the creditworthiness of their customers. These credit reports are essential for making informed decisions about lending, credit extensions, and risk management.
Family tree for credit reporting services
graph LR A["<a href='/classifications/cpc/v2-1/8'>8: Business and production services</a>"] A --> B["<a href='/classifications/cpc/v2-1/85'>85: Support services</a>"] B --> C["<a href='/classifications/cpc/v2-1/859'>859: Other support services</a>"] C --> D["<a href='/classifications/cpc/v2-1/8591'>8591: Credit reporting services</a>"] D --> E["<a href='/classifications/cpc/v2-1/85910'>85910: Credit reporting services</a>"] %% Color coordination by level classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px %% Apply classes class A level1 class B level2 class C level3 class D level4 class E level5 class E highlight %% class A level1 %% class B,C level2 %% class D,E,F,G,H,I level2 %% class J,K,L,M,N,O,P level3 %% class E highlight