Question
A document containing an individual's financial information focusing on payment of their credit obligations over time Thin File Net Worth Credit Report Credit
Solution
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4.1(190 Voting)
GeoffreyMaster · Tutor for 5 years
Answer
<p> C</p>
Explain
<p> The question refers to a document that compiles an individual's financial information, specifically dealing with the payment history of their credit obligations over a certain period. This corresponds to the broadly accepted definition of a Credit Report. A Credit Report is a detailed breakdown of an individual's credit history, prepared by a credit bureau. Acquiring loans, making funds investments, etc., can utilize these reports to ascertain the individual's creditworthiness i.e., assess their risk as a borrower. Thin File refers to a person's credit file with few credit accounts or a short credit history. Net Worth is the calculation of a person's assets subtracting their liabilities. A Credit is a contractual agreement in which a borrower receives an amount of money or commodity now and repays the lender at a certain date(could be plenty types of credits), however, the context asks for a compilation of financial information related to credit not itself is the credit, hence, the answer "Credit Report". </p>
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