yali81yolanda
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Which statement best describes the role of a credit agency?

A. It tracks the use of credit for lenders.
B. It predicts future earning potential for lenders.
C. It teaches how to make smart financial decisions.
D. It shows how saving money makes financial sense.

I’m confused other people on here either answered A or B...I’m not sure which one it is :/

Answer :

2021jv4585

A. It tracks the use of credit for lenders.

Explanation:

I've taken the test already, I hope, me getting the answer wrong, will help others!

arshikhan8123

The correct answer is A. It tracks the use of credit for lenders.

Credit agencies, also known as credit rating agencies, help potential lenders and creditors determine whether to lend or extend credit to an individual or business, by predicting the likelihood that the borrower will repay the debt in a timely manner.

What is the main role of the three major credit reporting agencies?

Equifax, Experian and TransUnion are the three main consumer credit bureaus. They collect and store information about you that they use to generate your credit reports, which are used as the basis of your credit scores.

Learn more about credit agency here https://brainly.com/question/2784576

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