Question

a company that keeps files and records of people who apply for and use credit is called a
○ credit union.
○ commercial bank.
○ finance company.
○ credit reporting agency.

Explanation:

• A credit union is a member-owned financial cooperative offering banking services.
• A commercial bank provides general banking services to consumers and businesses.
• A finance company offers loans and credit but does not focus on maintaining universal credit records.
• A credit reporting agency's core function is to collect, maintain, and provide credit records of individuals who apply for and use credit.

Answer:

credit reporting agency.