BANKING AFFAIRS

Detailed explanation-1: -Of course, we’ve all heard of Equifax, Experian, and TransUnion. Interestingly, there is a fourth credit bureau called Innovis that is both well-established and has a significant database of consumer information.

Detailed explanation-2: -Age, ethnic origin, and marital status are not factors used to calculate credit scores.

Detailed explanation-3: -These agencies include Equifax, Experian, and TransUnion. Due to the COVID-19 pandemic, many people are experiencing financial hardships. To remain in control of your finances, you can get free credit reports every week through December 2023. Request all three reports at once or one at a time.

Detailed explanation-4: -The answer is C. Bank of America (BOA) is a commercial bank, who will obtain loan applicant’s credit report from three credit bureaus to analyze applicant’s financial situation. In the U.S, there are three trusted independent credit bureaus: TransUnion, Equifax and Experian.