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:

Government Subsidy

A government subsidy is financial assistance provided by the government to individuals, organizations, or industries to encourage or protect certain activities or products.

Market Price

The existing market rate for acquiring or selling a service or asset in the open market.

Subsidy

Financial assistance provided by the government or a public body to support businesses, reduce prices, or encourage a particular economic activity.