Which of the following statements is true regarding a review of your credit agency report?
A)You will not have authority to make corrections, as the information must come from a financial institution.
B)It will help determine if there are credit cards you should apply for to improve your credit standing.
C)It will reveal if you have sufficient income to carry the new debt payments.
D)It will reveal deficiencies that you can work on to improve your credit rating.

Question

Quizplus · Accepted Answer

Reviewing your credit agency report will help you identify any errors or deficiencies in your credit history that could be negatively impacting your credit rating. By identifying these issues, you can take steps to address them and improve your credit standing over time. Options A and B are incorrect because you do have the authority to make corrections to your credit agency report, and reviewing your report is not necessarily about applying for new credit cards. Option C is also incorrect because your credit agency report does not typically include information about your income.

Which of the Following Statements Is True Regarding a Review