ECONOMICS (CBSE/UGC NET)

ECONOMICS

CREDIT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is NOT included in an individual’s credit report.
A
Current and past addresses
B
Account balances
C
Bankruptcies and Foreclosures
D
Medical Information
Explanation: 

Detailed explanation-1: -Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education.

Detailed explanation-2: -Your credit report contains personal information, credit account history, credit inquiries and public records. This information is reported by your lenders and creditors to the credit bureaus.

Detailed explanation-3: -TransUnion is not one of the three primary credit bureaus.

Detailed explanation-4: -However, they do not consider: Your race, color, religion, national origin, sex and marital status. US law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit Protection Act.

There is 1 question to complete.