Under the Fair Credit Reporting Act, a Consumer Has the Right

question 60

True/False

Under the Fair Credit Reporting Act, a consumer has the right to have inaccurate information removed from his consumer credit report.

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or a month.

Welfare Payments

Financial assistance provided by the government to individuals or families in need, aimed at ensuring a minimum level of well-being.

Welfare System

A governmental system that provides financial aid and services to individuals and families in need.

Dependency

A relationship in which one entity relies on another for support or sustenance.