Ontario Mortgage Agent Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

The Trade information section of a credit report provides information about an individual's credit history and activity. It includes details about the individual's accounts such as balances, payment history, credit limits, and past due amounts. Option A, BAL, refers to the balance owed on the account as of the date it was reported. Option B, DLA, refers to the date of the last activity on the account. Option D, PDA, refers to the amount past due on the account as of the date it was reported. These options may be important for determining the current status of the account, but they do not provide a comprehensive overview of the individual's credit history. Option C, H/C, also known as the highest credit amount or credit limit on the account, is important for understanding an individual's credit utilization and overall creditworthiness. This information in combination with other factors helps determine an individual's credit score. Therefore, option C provides the most detail and is the best choice for describing the Trade information section of a credit report.