Question

A credit bureau (also known as a credit reporting agency) is an organization that has partnered with lending instiutions and credit issuers to help them make loan decisions. The credit bureau simply collects credit and loan information about people and assigns a credit score to individuals based on their credit acitivity/history. A credit report is a summary of your credit history In addition to other information, it outlines which banks or lenders a person has to ensure that the information For this assignment, you must order a FREE credit report from one of the 3 major credit bureaus (Equifax, TransUnion, or experian). I am NOT asking for a credit score I believe your credit score is private and while it is useful for you to know it: I do not want to know your credit score In fact, I also do not want to see your credit report This activity is solely for YOU to access your credit report and to review it on your own or with a trusted person to ensure that it is accurate. The purpose of this assignment is for you to see what your credit to determine if he/she will rent to you or offer you a job SCAM ALERT: If you land on a website that is asking you to pay for your credit report, you are on the wrong site You also do not have to sign up for additional services in order to obtain your credit report so do not put in any bank information The U.S government allows for one free credit report (using this site) each year from each of the 3 credit bureaus. The U.S government allows for one free credit report (using this site) each year from each of the 3 credit bureaus. When doing this exercise. I recommend that you choose only one credit bureau at this time as you can go back and request one from a different bureau later on You can print out the report if you want.

Answer 1

A credit bureau is an organization that collects credit and loan information about individuals and assigns them a credit score. The credit report is a summary of a person's credit history and is used to determine creditworthiness for renting or job offers.

Step-by-step explanation:

A credit bureau, also known as a credit reporting agency, is an organization that collects credit and loan information about individuals and assigns them a credit score based on their credit activity and history. The credit report is a summary of a person's credit history, including information about their loans and lenders. The purpose of ordering a free credit report is to review it and ensure its accuracy, as it can be used by landlords or employers to make decisions about renting or offering a job.