Errors on Credit Reports Can Occur

question 34

Multiple Choice

Errors on credit reports can occur.If there is an error on your report

• A)it is your responsibility to review it once a year for accuracy and inform of any errors.
• B)it can result in the credit agency being charged under the Fair Credit Reporting Act.
• C)the creditor reporting to the agency must correct it solely at your request.
• D)you must inform the Better Business Bureau to take your case to the authorities.

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Definitions:

Fee Splitting

Fee splitting refers to the practice of sharing fees among different professionals, such as lawyers or doctors, which is often regulated due to ethical concerns.

Nonbillable

Nonbillable refers to time or activities related to a job or profession that cannot be charged to a client as part of services rendered.

Administrative Work

Tasks related to the management and operation of an organization, including paperwork, scheduling, and organizational duties.

Performance Reviews

The assessment of an employee's job performance over a specific period, typically used to identify strengths and areas for improvement.