Angela noticed a list of creditors at the bottom of her credit report.Some of the inquiries were voluntary and some were involuntary.What is the difference between the two?
A)Voluntary inquiries are due to your own credit requests;while involuntary inquiries are typically by creditors who seek to offer you a preapproved credit offer.
B)Involuntary inquiries are due to your own credit requests;while voluntary inquiries are typically by creditors who seek to offer you a preapproved credit offer.

Question

Quizplus · Accepted Answer

Voluntary inquiries are initiated by the consumer when they apply for credit, such as applying for a credit card or loan. Involuntary inquiries occur when a creditor or lender checks a consumer's credit report without their permission or knowledge, typically for the purpose of sending pre-approved credit offers. Therefore, option A accurately defines voluntary and involuntary inquiries.

Angela Noticed a List of Creditors at the Bottom of Her