If There Is Incorrect Information in Your Credit File

question 57

Multiple Choice

If there is incorrect information in your credit file,

• A)you should sue the credit bureau.
• B)you must sue the merchant who denied the credit.
• C)the credit bureau must reinvestigate and modify or remove inaccurate data.
• D)pray that the credit bureau goes bankrupt.
• E)you cannot dispute the derogatory information.

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Definitions:

Financing

is the process of sourcing capital or funds to finance the operations, projects, or investments of an individual, organization, or government.

Limited Liability Corporation

A hybrid business form combining the advantages of the sole proprietorship, partnership, and corporation.

Tax Purposes

The reasons or objectives related to the calculation, payment, or management of taxes as required by law.

Owners' Assets

Refers to the property, both tangible and intangible, that is owned by a business's proprietors.