Which type of organization is a good source of consumer credit information?
A)Trade-credit agencies
B)Third-party reports
C)The Federal Credit Reporting Agency
D)Credit bureaus

Question

Quizplus · Accepted Answer

Credit bureaus are specialized organizations that collect and store credit information on individual consumers. They gather data from a variety of sources, including banks and financial institutions, credit card companies, and other lenders. This information is then used to create credit reports, which are used by lenders and other organizations to evaluate a consumer's creditworthiness. Examples of credit bureaus include Equifax, Experian, and TransUnion.

Which Type of Organization Is a Good Source of Consumer