If You Are Denied Credit,your First Step Should Be To

question 41

Multiple Choice

If you are denied credit,your first step should be to:

• A)increase your income and decrease your spending.
• B)reapply for credit.
• C)hire an attorney and file a suit against the creditor.
• D)check your credit file at the credit bureau.
• E)sue the credit bureau that provided the negative information.

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Definitions:

New Business

Pertains to recently established companies or the act of securing new commercial engagements or clients in a business context.

Machinery and Equipment

Assets that include heavy machinery and other equipment used in the production or supply of goods and services.

Repairs

Expenditures to maintain the operational status of assets, rather than to improve or extend their life.

Office Equipment

Tangible items such as computers, desks, and chairs used to facilitate operations in a corporate office setting.