Companies report people to credit agencies if they fail to pay their bills on time.
Creditors reports history with other lenders and the debtor's borrowing activities (debts and payments) to Credit agencies. Credit agencies
collects information about individual or business debts and assigns a credit
score. The credit score demonstrates borrower's creditworthiness, serving as a guide to other lenders. If the debtor fails to pay bills on due dates, the credit score will most likely be low. Lenders will mostly refuse to approve future loans as a low credit score indicates the applicant is a bad payor.
Answer:
i would say A but i could be wrong.
Explanation:
so sorry if im wrong.
Answer:
Group think
Explanation:
Group thinking is a phenomenon in which in an attempt to conform to the establisheed norm, there is an irrational decision making where the group's thought supercede the individual decision.
