Under the Fair Credit Reporting Act (FCRA) ,if you have been denied credit,you have a right to
A) inspect your credit file and have any errors or unsubstantiated entries corrected or removed.
B) sue the credit bureau if your credit file indicates that you should have been granted credit.
C) same response as b,except you can sue only if you are a woman or member of a minority group.
D) nothing;essentially FCRA imposes sanctions only on what information credit bureaus may not keep.
Correct Answer:
Verified
Q6: A closed-end credit account
A)is limited to purchases
Q7: The Equal Credit Opportunity Act (ECOA)provides that
A)minorities
Q8: Lenders can discriminate against you on the
Q9: Refer to the information above.Under the adjusted
Q10: Under the Truth in Lending Act,your financial
Q12: Which of the following statements is not
Q13: Credit scores
A)may be reviewed by potential employers
Q14: Which of the following is not a
Q15: In receiving a credit application,lenders often look
Q16: A three digit number meant to reflect
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