ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit Bureau
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Credit History
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Credit Report
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Credit Freeze
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Detailed explanation-1: -A credit report is a detailed record of your credit history, including information about your borrowing and repayment habits.
Detailed explanation-2: -Your credit reports include information about the types of credit accounts you’ve had, your payment history and certain other information such as your credit limits. Credit reports from the three nationwide consumer reporting agencies-Equifax, TransUnion and Experian-may contain different account information.
Detailed explanation-3: -Your credit history is the complete record of your borrowing and repayment performance.
Detailed explanation-4: -A credit score is a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports.
Detailed explanation-5: -Clean Credit History means financial record of an intended borrower having no default in preceding three years in any financial institution as checked and confirmed by any of credit bureau.