Which type of organisation 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 a good source of consumer credit information. They gather and maintain information on individuals' credit histories, which includes credit accounts, payment history, and outstanding balances. This information is used by lenders and other organizations to assess creditworthiness and determine whether to extend credit to an individual or not. Credit bureaus also provide credit reports to individuals upon request, which can be used to monitor and improve their credit score.

Which Type of Organisation Is a Good Source of Consumer