What Do Credit Bureaus Do

question 31

Multiple Choice

What do credit bureaus do?

• A)They collect and provide credit information.
• B)They lend money to people who are members of the credit bureau.
• C)They make decisions regarding who should get credit.
• D)They share information with each other.

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Definitions:

State of Title Certificate

A document issued by a governmental land registration office showing the current status of legal ownership, and any encumbrances, liens, or mortgages on a piece of property.

Federal Government

The national government of a federated state, which shares sovereignty with its states or provinces.

Land Title Office

A government office that records the ownership and details of land and property.

Builders' Lien Act

Legislation that allows contractors and suppliers to place a lien on a property they have worked on or supplied materials for, to secure payment.