What information is typically provided by a credit bureau search?

What information is typically provided by a credit bureau search?

• A. Customer bank account numbers
• B. Names, dates of birth, and credit history
• C. Employment evaluations and references
• D. Personal health information

Answer: (B)

A credit bureau search primarily provides information related to an individual's credit profile, which includes important details such as names, dates of birth, and credit history. This information is crucial for lenders and financial institutions when assessing the creditworthiness of an individual. The credit history encompasses records of credit accounts, payment history, outstanding debts, and any public records concerning bankruptcies or defaults. This information assists creditors in making informed decisions regarding loan approvals and credit limits, and helps in determining how likely an individual is to repay borrowed funds. The other options listed do not pertain to the information obtained from a credit bureau search; they either involve personal financial details that are not maintained by credit bureaus, or information that is unrelated to an individual's credit assessment.

A credit bureau search primarily provides information related to an individual's credit profile, which includes important details such as names, dates of birth, and credit history. This information is crucial for lenders and financial institutions when assessing the creditworthiness of an individual. The credit history encompasses records of credit accounts, payment history, outstanding debts, and any public records concerning bankruptcies or defaults.

This information assists creditors in making informed decisions regarding loan approvals and credit limits, and helps in determining how likely an individual is to repay borrowed funds. The other options listed do not pertain to the information obtained from a credit bureau search; they either involve personal financial details that are not maintained by credit bureaus, or information that is unrelated to an individual's credit assessment.