Which of the following types 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 gather and maintain information on consumers' credit histories. They compile the credit reports that are used by lenders and other businesses to help them make decisions about granting credit, setting interest rates, and establishing credit limits. Credit bureaus collect information from a variety of sources, including banks, credit card companies, and other lenders, and they use that data to create a comprehensive picture of a consumer's credit history.

Which of the Following Types of Organization Is a Good