Which of the following statements is NOT true?
A)Credit bureaus may not report information more than one year old.
B)A creditor may not use receipt of public assistance as a factor in determining creditworthiness.
C) If there is a billing dispute, creditors may not take adverse action until the dispute is resolved.
D) Bill collectors may not call debtors at odd hours.

Question

Quizplus · Accepted Answer

Credit bureaus can report information up to seven years old (with certain exceptions, such as bankruptcies which can be reported for up to ten years).

Which of the Following Statements Is NOT True