Cole just moved to a new neighborhood. He called the electric company to switch the utilities for his new home from the landlord to himself. Why would the electric company request a copy of Cole’s credit report?(1 point) Responses They needed to decide whether to require Cole to provide a deposit. They needed to decide whether to require Cole to provide a deposit. Cole had applied for one of the company’s credit cards and they wanted to find out if he was a good borrower. Cole had applied for one of the company’s credit cards and they wanted to find out if he was a good borrower. The company does background checks on all potential employees. The company does background checks on all potential employees. Federal regulations require them to make that request whenever someone signs up.

Answer 1

The electric company would request a copy of Cole's credit report to decide whether to require him to provide a deposit.