If You Have Incorrect Information in Your Credit File

question 86

Multiple Choice

If you have incorrect information in your credit file:

• A)you can't really do much about it.
• B)you have no legal remedies.
• C)credit bureaus are not required to change it.
• D)there are legal remedies available to you.
• E)don't worry because it will not affect your ability to borrow money.

Realize the economic reasoning behind taxation and subsidies through mathematical examples.

Understand the role of utilitarian arguments in shaping public policy towards income redistribution.

Grasp the principle and implications of different types of income (permanent, life-cycle, and transitory).

Understand the concept of transitory vs. permanent income and their impacts on spending decisions.

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Definitions:

Silent

Characterized by the absence of sound or the decision not to speak or disclose information.

Subleases

Agreements where the original lessee rents out the leased premises to another party.

Primarily Liable

Refers to the party who bears the initial responsibility for fulfilling an obligation or debt.

Sublease

A legal agreement where a tenant rents out a property they are leasing to another party.