what is the function of equifax, experian, and transunion?\n\na. they help people improve fico scores for a…
what is the function of equifax, experian, and transunion?\n\na. they help people improve fico scores for a fee.\n\nb. they provide trustworthy credit reports.\n\nc. they provide credit.
Answer
Brief Explanations:
Equifax, Experian, and TransUnion are major credit - reporting agencies. Their main function is to collect and maintain credit - related information on consumers and provide trustworthy credit reports to lenders and other authorized entities. They do not directly provide credit or help improve FICO scores for a fee as their core service.
Answer:
B. They provide trustworthy credit reports.