Select the one statement that accurately describes credit bureaus (also called "credit reporting agencies"). A. Credit bureaus k
eep records of your spending habits for seven to ten years. B. Credit bureaus are the companies that issue credit cards. C. Credit bureaus are not-for-profit agencies whose main purpose is to serve consumers. D. Credit bureaus are the institutions that issue driver licenses.
The statement that accurately describes credit bureaus is "Credit bureaus keep records of your spending habits for seven to ten years."
Explanation:
Credit bureaus have a record of each one of the citizens that have had any kind of credit either with a bank or with other kinds of institutions, they have a database wich all institutions can have access to in order to approve or deny credits to people according to how his history as a consumer is reflected in the data they gather.
