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Which best describes the main role of the three major credit reporting agencies?.

Sagot :

The best three main roles of major credit reporting agencies are:

  • Compile consumer credit
  • Loan information and
  • Provide it to lenders and businesses.

What is a credit reporting agency?

A credit reporting agency is a company that keeps track of people's and companies' credit histories. They get information from creditors and other sources, which they put into a credit report, which incorporates a credit score when it's released.

The best three main roles of major credit reporting agencies are:

  • Compile consumer credit
  • Loan information and
  • Provide it to lenders and businesses.

Learn more about credit reporting agencies here:

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