Question

Entities that gather and sell information regarding an applicant's credit in the form of credit reports are known as:

A) Credit Bureaus
B) Insurance Companies
C) Retail Stores
D) Internet Service Providers

Answer 1

Credit bureaus are entities that gather and sell information about a person's credit in the form of credit reports.

Step-by-step explanation:

The correct answer is A) Credit Bureaus. Credit bureaus are entities that gather and sell information regarding an applicant's credit in the form of credit reports. These reports contain information such as an individual's payment history, outstanding debts, and credit utilization. Credit bureaus, such as Equifax, Experian, and TransUnion, collect this information from lenders and other sources and compile it into a credit report that can be accessed by lenders, employers, and other authorized parties.