Which of the following entities are considered the major credit bureaus?

The correct answer identifies TransUnion, Experian, and Equifax as the major credit bureaus. These three companies play a crucial role in the credit reporting system in the United States. They collect and maintain consumer credit information, which includes credit histories, payment records, and other financial behaviors.

These credit bureaus are essential for lenders to assess the creditworthiness of individuals applying for loans or credit. They generate credit reports and scores that help lenders make informed decisions. Having a clear understanding of these entities is vital as they are the primary sources of data used by banks, credit card companies, and other lenders, impacting consumers' ability to secure financing.

The other options contain entities that do not serve as major credit bureaus. For example, FICO is a scoring model used to assess credit risk but is not a credit bureau itself. Credit Karma and Credit Sesame are platforms that provide access to credit scores and reports but are not involved in collecting credit information like the major credit bureaus do. Understanding the distinctions between these entities is important for navigating personal finance and credit management effectively.