Question

Eric needs help with his credit problems. Which organization is considered a good, reputable source of information on how to solve credit problems? A. Federal Deposit Insurance Corporation (FDIC) B. National Foundation for Consumer Credit (US) C. the US Federal Reserve D. the Internal Revenue Service (IRS)

Answer 1

Answer:

option B

Explanation:

National foundation for consumer Credit

Answer 2

Concept:

An institution can help in solving credit problems by helping the individual on his/her financial journey. It lets you know how to improve CIBIL and have better financial status.

Given:

The four options given are-

A. Federal Deposit Insurance Corporation (FDIC)

B. National Foundation for Consumer Credit (US)

C. the US Federal Reserve

D. the Internal Revenue Service (IRS)

To find:

Which of the above organizations is considered a good, reputable source of information on how to solve credit problems.

Solution:

1. Federal Deposit Insurance Corporation (FDIC)- An agency which is created to maintain stability and public confidence in nation's monetary system.
2. National Foundation for Consumer Credit (US)- It is a national network for non profit credit counselling organizations.
3. The US Federal Reserve- The central banking system of the US.
4. The Internal Revenue Service (IRS)

Out of the above options, credit problem solution can be provided by National Foundation for Consumer Credit (US).

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