Historical Credit Problems Normally Remain on a Credit Bureau's Report

question 84

True/False

Historical credit problems normally remain on a credit bureau's report for seven years and ten years for bankruptcy.

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Definitions:

General Motors

An American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Independent Carmakers

Automobile manufacturers that operate independently, not owned by or affiliated with the major automotive groups.

Federal Economic Policies

The set of decisions made at the national government level that influence a country's economic activities, including taxation, spending, and monetary regulation.

19th Century

Refers to the years from 1801 to 1900, a period marked by significant industrial, social, and political changes worldwide.