18
QuizMultiple Choice

Credit Scores and Reports

Question 18 • 26-27 Ignite Technical Math-Financial Math - MA2007

What is a credit report?

Answer
A
A credit report is a number representing your creditworthiness.
B
A credit report is a detailed listing of your credit history.
C
A credit report is a ranking which compares your creditworthiness to others.
D
A credit report is a missed payment or other factor which negatively affects your credit.

Explanation

A credit report is a record of your credit accounts and payment history, along with other information relevant to your borrowing. A number representing creditworthiness is a credit score, not a credit report. Therefore, the correct choice is “a detailed listing of your credit history.”

AI-written and checked against the verified answer.

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