ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit score
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Credit report
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Both
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None of the above
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Detailed explanation-1: -The CIBIL score (a 3-digit number) gives a summary of the credit history from several details on the Credit Report such as ‘Enquiries’ and ‘Accounts’. The CIBIL score ranges between 300 and 900.
Detailed explanation-2: -A credit report is a summary of your credit history, including the types of credit accounts you’ve had, your payment history and certain other information such as your credit limits.
Detailed explanation-3: -A: Credit bureaus get information from your creditors, such as a bank, credit card issuer, or auto finance company. They also get information about you from public records, such as property or court records.
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: -What is a Credit Check? Employee Credit check, simply put, is when an employer pulls out the financial records of an applicant or current employee, to have an overview of their financial history.