TransUnion Is Aware That You Are One Month Late on Your

question 27

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)Both companies will have the same credit score because car payments are backed by collateral.

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Definitions:

Interpreting Test Results

The process of analyzing and understanding the significance of the outcomes derived from psychological or educational testing.

Test Scoring

The process of assigning values or scores to responses in tests to evaluate performance or abilities.

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Specific knowledge related to a particular field of work or technology, often involving understanding complex processes or systems.

Test Selection

The process of choosing appropriate tests or assessments based on their reliability, validity, and relevance to the specific context or individuals being evaluated.