If You Dispute the Accuracy of Information in Your Credit

question 149

Multiple Choice

If you dispute the accuracy of information in your credit file:

• A)you should sue the credit bureau.
• B)the credit bureau has no power to change it.
• C)the credit bureau must reinvestigate and modify or remove inaccurate data.
• D)you must wait at least six months prior to launching an investigation.
• E)you have no means of correcting it.

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Definitions:

Specialization

The process of focusing on a narrow area of expertise or production to increase efficiency and output.

Individual Level

Refers to analysis or effects observed at the level of individual agents, such as persons or firms, within a larger system.

Abilities of Resources

The skills, knowledge, and competencies that economic resources like labor, capital, and land possess.

Barter

The trade of goods or services among individuals without employing money as a means of transaction.