Credit reports of an individual can be checked when a woman applies for a loan or a credit card.The purpose is to determine if the woman has enough money in the bank to secure the loan for which she is applying.

Question

Quizplus · Accepted Answer

Credit reports are used to determine an individual's creditworthiness, not whether they have enough money in the bank to secure a loan. The bank may check the individual's bank statements as part of the loan application process, but this is separate from checking their credit report. Furthermore, the question specifies "when a woman applies," which indicates a potential gender bias in the assumption that women may not have enough money in the bank without first checking.

Credit Reports of an Individual Can Be Checked When a Woman