TransUnion Is Aware That You Are One Month Late on Your

question 70

Multiple Choice

TransUnion is aware that you are one month late on your car payment, while Equifax has not yet uncovered this information. Which of the following statements is correct?

• A)TransUnion will have a lower credit score for you than Equifax.
• B)Both companies will have the same credit score because of the grace period.
• C)Being late one month on a car payment will not affect your BEACON score.
• D)Only credit card delinquency is considered because it is riskier than revolving high-interest credit.

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Definitions:

Liberalization

The process of reducing government regulations and restrictions in an economy to encourage more business activities and investments.

GATT

General Agreement on Tariffs and Trade, a legal agreement minimizing barriers to international trade.

Tariff

A tax imposed on imported goods and services, typically to restrict trade, increase government revenue, or protect domestic industries.

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Thick cuts of tuna fish meat, often cooked by grilling, broiling, or searing, popular in various culinary traditions.