Which company does not issue credit reports?
A. TransUnion
B. Experian
C. Equifax
D. Expedia
The Correct answer and Explanation is:
The correct answer is D. Expedia.
Explanation:
Credit reports are detailed records of an individual’s credit history, including information on credit accounts, payment history, and inquiries made by lenders. These reports are crucial for lenders, landlords, and other institutions to assess the creditworthiness of an individual when they apply for loans, credit cards, mortgages, or rental agreements.
The three major credit reporting agencies (CRAs) in the United States are TransUnion, Experian, and Equifax. Each of these companies collects and maintains credit information on consumers from various sources, such as banks, credit card companies, and other lenders. They then compile this data into credit reports, which they provide to authorized parties (e.g., lenders) upon request. The information in these reports helps lenders make informed decisions about whether to extend credit and under what terms.
On the other hand, Expedia is primarily an online travel agency that provides services related to travel bookings, including flights, hotels, rental cars, and vacation packages. Expedia operates in a completely different industry focused on travel and tourism, rather than financial services. Therefore, it does not collect, maintain, or issue credit reports.
While Expedia may conduct credit checks for certain financial transactions, such as booking accommodations or travel arrangements that require payment plans or credit, it does not produce credit reports. Instead, the relevant credit history would be provided by the major credit reporting agencies, such as TransUnion, Experian, and Equifax, when requested by financial institutions involved in the transaction.
In summary, the distinction lies in the functions and services provided by these entities, making Expedia the only company in the list that does not issue credit reports.