If There Is an Error in a Consumer's File at a Consumer

question 79

Multiple Choice

If there is an error in a consumer's file at a consumer reporting agency, the person should:

• A) hire a "credit repair" company to correct the error
• B) request a hearing by an FTC Administrative Law Judge
• C) notify the FTC about the error, which will have it investigated and corrected, if the loss to the consumer is "significant"
• D) notify the consumer reporting agency, which changes the information or puts a statement from the consumer in the file
• E) do none of the other choices

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Definitions:

McClelland's Theory

A motivational theory suggesting that people are driven by needs for achievement, power, and affiliation, influencing their behavior and performance.

Comparison Person

An individual used as a benchmark to evaluate one's own situation, achievements, or performance in social comparison theory.

Need for Achievement

A psychological trait that drives individuals to succeed, accomplish challenging tasks, and set high standards for themselves.

Needs for Affiliation

The desire to form connections with others and maintain social relationships.