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AssignmentLong Text

Understanding Credit

Question 7 • Personal Finance - EL3403

Explain what a credit report is and list five kinds of information found on a credit report.

Answer

Answer:

A credit report is a detailed written document about a person’s credit history. The report contains personal information, anything found in public records, information from collection agencies, information about credit cards or loans, and a list of those who have requested a copy of the report.

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