Question: explains all that goes into the credit reporting process. At a minimum, make sure to include information on the following: Factors that affect creditworthiness Purpose

explains all that goes into the credit reporting process. At a minimum, make sure to include information on the following:

Factors that affect creditworthiness

Purpose of Credit Records

Components of Credit Scores

Ways to avoid or correct credit problems

Explain who uses your credit report and how and why they use it

Explain how credit scores affect the rate and terms of the loan

please do a minimum of 4 paragraphs.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!