What is a credit report?

A. Contains information about your credit history.The information is collected from credit providers, courts and other organisations.
B. The ability of a customer to obtain goods and services before payment, based on the trsut that payment will be made in the future
C. An entry recording a sum received, listed on the right hand side or column of an account
D. An entry recording a sum owed, listed on the left hand side or column of an account

This question is part of year 8 business

Asked by Ellie, Last updated: May 23, 2020

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2 Answers

H. George, Copywriter, MA in English, California

Answered Apr 13, 2018

A credit report is a catalog report of a person's credit account arranged by a credit bureau. Credit bureaus gather data and make credit reports in view of that data, and banks utilize the reports alongside different subtle elements to decide advance candidates' credit value.

In the event that an individual presents an application for credit, a guard approach or investment property, creditors, insurers, property-owners and others are lawfully permitted to get to his credit report. Businesses may likewise ask for a duplicate of a person's credit report as long as the individual concurs and gives authorization in composing. These substances ordinarily should pay the credit bureaus for the report, which is the manner by which credit bureaus win cash.