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

Question

Quizplus · Accepted Answer

Credit bureaus, such as Equifax, Experian, and TransUnion, are the primary source of consumer credit information. They collect and maintain credit reports on individuals, which lenders use to assess creditworthiness when making lending decisions. Trade-credit agencies, third-party reports, and the "Federal Credit Reporting Agency" (which does not exist) may also provide credit information, but they are not the primary or most reliable sources.

Which of the Following Is a Good Source of Consumer