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which companies or organizations keep track of your borrowing history?
○ credit bureaus
● your financial institutions
○ the irs
○ the department of consumer affairs
Credit bureaus are specialized organizations that collect, maintain, and report on individuals' borrowing and credit history. Financial institutions report borrowing activity to credit bureaus, but they do not centrally track comprehensive borrowing history across multiple lenders. The IRS focuses on tax collection, and the Department of Consumer Affairs handles consumer protection issues, not borrowing history tracking.
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A. Credit bureaus