What is the term for a summary of open and closed credit accounts and the manner in which those accounts have been paid?
A)financial report
B)credit summary
C)credit history
D)history of credit

Question

Quizplus · Accepted Answer

The term for a summary of open and closed credit accounts and the manner in which those accounts have been paid is called credit history. This report includes information about credit cards, loans, payment history, and outstanding balances. It is used by lenders to assess a borrower's creditworthiness and ability to repay debts on time.

What Is the Term for a Summary of Open and Closed