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)Only credit card delinquency is considered because it is riskier than revolving high-interest credit.

Question

Quizplus · Accepted Answer

TransUnion will have a lower credit score for you than Equifax because they have uncovered negative information (late car payment) that Equifax has not yet discovered. Late payments can have a negative impact on credit scores.

TransUnion Is Aware That You Are One Month Late on Your