Which of the following statements is TRUE?
OA.
Missed or late payments will be removed from my credit history within 3
years.
The credit history of borrowers is shared with other financial institutions.
OB. This means all lenders are likely to know of any payments that you have
missed.
OC.
Your credit history is private information that may not be shared with
anyone under any circumstances.
There are so many banks, credit unions and credit card companies in the
OD. world. It is too difficult for them to keep track of people who miss
payments.

Respuesta :

The TRUE statement is B. The credit history of borrowers is shared with other financial institutions.

What is credit history?

A person's credit history measures the individual's ability to repay debts.  it demonstrates financial responsibility and credit-worthiness or otherwise. Because financial institutions have "permissible purposes" they have access to an individual's credit history on request.

Thus, the TRUE statement about credit history is Option B.

Learn more about credit history at https://brainly.com/question/9913263