which statement best describes the role of a credit agency? it tracks the use of credit for lenders. it…
which statement best describes the role of a credit agency? it tracks the use of credit for lenders. it predicts future earning potential for lenders. it teaches how to make smart financial decisions. it shows how saving money makes financial sense.
Answer
Brief Explanations:
A credit agency's main role is to collect and analyze information about borrowers' credit - related activities for lenders. It tracks how borrowers use credit, such as repayment history, amount of debt, etc. It does not predict future earning potential, teach financial decision - making, or focus on the benefits of saving money.
Answer:
It tracks the use of credit for lenders.