Most Information in Your Credit File May Be Reported for Only

question 128

True/False

Most information in your credit file may be reported for only 7 years.

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Definitions:

Financial Budgets

Plans that project an organization's income, expenditures, and capital needs over a specific period, guiding its financial operations and goals.

Operating Budgets

Financial plans that outline the projected revenue, expenses, and profit for the operations of a business within a specific period.

Sales Revenue

The income received from selling goods or services over a period of time.

Budgeted Sales Revenue

Projected income from sales over a certain period, used for planning and forecasting operations.