ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Report card
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Statement of every payment ever
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nothing
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None of the above
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Detailed explanation-1: -A credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
Detailed explanation-2: -Payment history shows how you’ve paid your accounts over the length of your credit. This evidence of repayment is the primary reason why payment history makes up 35% of your score and is a major factor in its calculation.
Detailed explanation-3: -Lenders report on each account you have established with them. They report the type of account (credit card, auto loan, mortgage, etc.), the date you opened the account, your credit limit or loan amount, the account balance and your payment history, including whether or not you have made your payments on time.
Detailed explanation-4: -The information in each of your Credit Reports from the three credit bureaus can be different. This is why it’s important to review your Experian, Equifax®, and TransUnion® Credit Reports and FICO Scores.
Detailed explanation-5: -Online: Visit AnnualCreditReport.com. Phone: Call (877) 322-8228. Mail: Download and complete the Annual Credit Report Request form . Mail the completed form to: 23-Jan-2023