If Your Credit Application Is Denied,you

question 77

Multiple Choice

If your credit application is denied,you:

• A)should sue the credit rating agency.
• B)should file a complaint against the merchant.
• C)have no legal right to know why.
• D)are entitled to know the specific reason you were denied credit.
• E)can reapply for credit after 30 days.

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Definitions:

Subjectivity

Subjectivity refers to how someone's judgment is shaped by personal opinions and feelings instead of outside influences, making it inherently individual and biased.

Inner Judgment

The process of evaluating one's own thoughts, actions, and emotions based on personal standards and beliefs.

Biases

Prejudices or inclinations that can influence judgment or decision-making, often in an unfair or dismissive manner.

Subjective

Based on or influenced by personal feelings, tastes, or opinions, as opposed to objective observations or evidence.