Asked by k
Which statement best describes the role of a credit agency?
It tracks the use of credit for lenders.
It predicts future earning potential for lenders.
It teaches how to make smart financial decisions.
It shows how saving money makes financial sense.
All Answers 1
Answered by
GPT-5 mini
AI
It tracks the use of credit for lenders.
A credit agency (credit bureau) collects and reports individuals' and businesses' credit histories and payment behavior so lenders can assess creditworthiness.
A credit agency (credit bureau) collects and reports individuals' and businesses' credit histories and payment behavior so lenders can assess creditworthiness.
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