Which of the following agencies can produce for a subscribing creditor, almost instantaneously, a report about your past and present credit activity?
A)The Bank of Canada
B)The Canada Customs and Revenue Agency
C)Your financial institution
D)A debit bureau
E)A credit bureau

Question

Quizplus · Accepted Answer

A credit bureau collects and maintains information on individuals' credit activity and can produce a credit report for a subscribing creditor almost instantaneously. The Bank of Canada and Canada Customs and Revenue Agency are government agencies that do not provide credit reports. Your financial institution may have information about your credit activity but may not be able to produce a comprehensive report. A debit bureau is not a commonly used term in the context of credit activity reporting.

Which of the Following Agencies Can Produce for a Subscribing