Bankruptcies Can Remain in Your Credit File for 10 Years

question 167

True/False

Bankruptcies can remain in your credit file for 10 years.

---

Definitions:

External Incentives

Rewards or punishments coming from the environment that influence behavior, such as money, praise, or penalties.

Sympathetic Nervous System

Part of the autonomic nervous system responsible for the body's 'fight or flight' response during perceived threats, increasing heart rate, and releasing adrenaline.

James-Lange Theory

A theory of emotion proposing that emotions occur as a result of physiological reactions to events.

Intense Fear

A heightened emotional response to a perceived threat, characterized by increased adrenaline and rapid heartbeat.