The Fair Credit Reporting Act Requires Credit Bureaus to Correct

question 102

True/False

The Fair Credit Reporting Act requires credit bureaus to correct any erroneous information on your credit report.

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Definitions:

Stock Dividend

A dividend paid to shareholders in the form of additional shares of stock, rather than cash.

Corporate Assets

Assets owned by a corporation, including cash, inventory, property, and intellectual property, that are used in the operation of the company.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.

Book Value Per Share

A measure used to gauge a company's financial health, calculated by dividing total shareholder's equity minus preferred equity by the number of outstanding common shares.