If Your Credit Application Is Denied, You

question 19

Multiple Choice

If your credit application is denied, you

• A)can sue the credit rating agency.
• B)can file a complaint against the merchant.
• C)don't have any rights provided by law.
• D)should ask to know specifically why.
• E)can reapply for credit after 30 days.

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Definitions:

Schedule/Form

Documents filed with or attached to a tax return, providing additional information, calculations, or reports to the IRS.

Published

Made available to the public through print or electronic media.

Business Revenue

The total amount of income generated by a company from its activities, such as sales of products or services, before any expenses are subtracted.

Schedule E

A form used for reporting income from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs on a tax return.