Credit Reporting
Not what you're looking for?
Q1
Describe the services provided by a credit reporting service such as Experian, Equifax, and TransUnion. How are these services provided?
Q2
In the United States, information that a company collects about the customer is legally the company's property. In the European Union, this information is the individual's property. Explain why there is this difference in the legal treatment of this information.
Your response should be at least 75 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Purchase this Solution
Solution Summary
Provides a description of credit reporting for individuals and businesses. Describes the difference between credit reporting agencies in the U.S. and European nations.
Solution Preview
Good Evening,
Below are some concepts for you to use while answering the questions. I provided the framework for you. You may add or take away as you see fit.
Let me know if you have any questions.
Thanks,
Kyla
Question 1
Credit reporting agencies play a vital role in measuring the economic health of those wishing to pursue financial endeavors such as purchasing a home with a mortgage, purchasing a car with a loan, seeking employment, etc. There are three credit reporting agencies: Experian, Equifax and Transunion. These agencies are ...
Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Motivation
This tests some key elements of major motivation theories.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.