Which company is a major credit reporting agency?

Which company is a major credit reporting agency?

• A. Microsoft
• B. Experian
• C. Boeing
• D. Visa

Answer: (B)

Credit reporting agencies gather and maintain individuals’ credit histories and provide lenders with credit reports and scores to assess risk. Experian is one of the largest players in this space, along with Equifax and TransUnion, and it specializes in compiling credit reports for lenders as well as offering consumer services. The other options don’t fit this role: Microsoft is a technology company, Boeing is an aerospace manufacturer, and Visa is a payment network that processes transactions but does not compile credit histories. Since the question points to a major credit reporting agency, Experian is the best answer.

Credit reporting agencies gather and maintain individuals’ credit histories and provide lenders with credit reports and scores to assess risk. Experian is one of the largest players in this space, along with Equifax and TransUnion, and it specializes in compiling credit reports for lenders as well as offering consumer services. The other options don’t fit this role: Microsoft is a technology company, Boeing is an aerospace manufacturer, and Visa is a payment network that processes transactions but does not compile credit histories. Since the question points to a major credit reporting agency, Experian is the best answer.