If a Consumer Complains About Incorrect Information in a Credit

question 104

True/False

If a consumer complains about incorrect information in a credit report, the credit reporting agency must respond within 30 days.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded.

Chronological Record

A record of events or transactions organized in the order they occurred over time.

Transactions

The exchange or transfer of goods, services, or funds between two or more parties.

Chart Of Accounts

A list of accounts and the account numbers that identify their location in the ledger.